In an economy that is $75 Trillion in debt, requires $5.50 of debt per $1 of growth, and running a $3 Trillion deficit, rates can’t rise much... Which is also why the Federal Reserve is now forever trapped at zero.
CAT "is typically seen as a bellwether for the economy, so analysts looking for hints as to how the recovery from the pandemic is progressing were likely disappointed."
Unlike what candidate Biden wants to do, the next US president should not copy the European Union... we know that the March measures and aggressive lockdowns were a grave mistake...
The previous two ceasefires collapsed immediately after their formal start. Moreover, the current situation on the frontline does not sit well with the goals of both sides...
As we approach the end of 2020, a “perfect storm” of circumstances is causing the anxiety level of many Americans to go through the roof, and millions are preparing for the worst...
How China can achieve sustainable, balanced and high quality growth in coming years and enter the high income group from the upper middle income group currently is the key long-term question for policymakers in China.
