Questions have been raised about the veracity of the IMF report showing Russian economy outperforming the West. But it is extremely difficult to falsify GDP data.
We Americans hate compromises. If we can’t get everything today, we invent a way to get everything tomorrow. That is why we love our trucks.
Despite differences in inflation rates and macroeconomic trends, many central banks make their policy decisions based on what the Federal Reserve does.
Finally, the U.S. Treasury is doing something to curb the rise in debt costs. But is it too late already to prevent a fiscal crisis in America?
This was a bold move by one of Europe’s best-run monetary authorities.
Those who expect a U.S. recession will have to wait a little longer, but there are some details in the latest GDP numbers that suggest an economic downturn is indeed on its way.
Many Republicans have declared Trump the presumptive winner of the Republican primaries. They may have spoken too soon. New Hampshire opened a victory path for Nikki Haley.
Finnish unions threaten to strike in February over government cuts to social benefits. They forget the massive, destructive government growth that took place 15 years ago.
The ECB chief just ruled out raising interest rates. This is a big mistake that can cost the euro zone dearly in the coming recession.
European interest rates rise and fall closely with American rates. This can be good for Europe, but it can also be bad, especially if America is hit by a fiscal crisis.
After months of falling, U.S. interest rates are rising again. There is no apparent economic reason for this, which suggests that investors are worried about government solvency.
Between social values, patriotism, and the economy, U.S. conservatives will have to decide which issues matter most.
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