The new debt-ceiling deal has its merits, but it also kicks the big spending reform can down the road. It also ignores the broader threat to the U.S. economy: de-dollarization. On that front, there is one event that could end dollar hegemony with one stroke of the pen.
Today, Donald Trump is far ahead in the opinion polls for the 2024 Republican presidential candidate. But Ron DeSantis, Tim Scott, and others will make sure that there is no such thing as an inevitable frontrunner.
Based on Eurostat numbers, it is inaccurate to declare the German economy in recession.
If neither wages nor energy prices can explain why the ECB is right in being concerned about persistent inflation, then what can explain it? There is a candidate that nobody wants to talk about: taxes.
We will only get one chance to save America from the abyss of a debt crisis. Let us make sure we get it right on day one.
Trump is the Republican frontrunner for 2024. He has a lot going for himself, but at the end of the day, can he win?
The one question that Christianity-hating MEP Malin Björk does not want to ask is: what would replace Western society if she got what she wanted? A new Soviet Union? An Islamic caliphate? In which of these would Malin Björk be treated better than in the very Western society for which she has such deep disdain?
The overall trend in the European economy points in the wrong direction. Therefore, it is a very bad idea to raise any taxes in the EU. It does not matter that the taxes the EU has proposed will fail to generate the revenue that the MEP tax grabbers are hoping for.
Politicians are known for two things: they never do what they should, and they always do what they shouldn’t. First, they do not prevent a debt crisis, then they aggravate it.
What happens if we find out that the current U.S. president is so corrupt that he has compromised the integrity of his own government—and maybe even the very security of his own country?
France is at a fork in the road, where her political leaders have shrinking maneuverability, where they are running out of time, and where they cannot afford to repeat the mistakes of the past.
Democrats and Republicans are bickering over the debt ceiling. They will reach an agreement before the June 1st “default” date, but it will only be a stopgap measure. At some point, Congress will face such high costs for its debt that not even the most optimistic investors can trust the U.S. Treasury any longer.
