The culprit this time is not China, but India, whose GDP forecast collapsed by a whopping 1.2% to 5.8%, handing the title of the world's fastest growing economy back to China.
In the aftermath of Hurricane Maria, President Trump was harshly criticized for not sending sufficient aid to the hard-hit island. But it appears that much of the aid that was dispensed was never given to the people who needed it the most.
"Expanded trade with China in the 2000s contributed to the loss of tens of thousands of American factories and millions of manufacturing jobs and the hollowing out of many communities. What followed was an associated rise in the rates of divorce, drug addiction, crime, depression and death."
Opioid overdoses may have leveled off last year after soaring over the last ten, but Americans are still dying in droves from another, far more popular substance: alcohol.
Environmental, social and governance topics will dominate the headlines out of Davos next week. Larry Fink’s letter is the template as far as what that means for investing.
Contrary to the popular way of thinking, setting in motion an unbacked consumption through monetary pumping will only stifle, and not promote, economic growth...
