While the rollout of China’s digital yuan appears to have been delayed by the onset of the coronavirus, the People’s Bank of China does still plan to launch its digital currency sometime soon. When the digital yuan is finally launched, it could very well upend the international monetary order. And that has some countries on […]
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Every week seems to bring more and more bad news about the Chinese coronavirus. While new cases and new deaths seem not to be accelerating, much of the country remains completely shut down. With about 30% of the US semiconductor sector dependent on products from China, that could put a major damper on US industry. […]
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Former President Barack Obama oversaw and helped prolong the longest post-recession “recovery” in American economic history. Americans should have no trouble remembering that his administration is responsible for the longest period since the Great Depression where the unemployment rate stood frozen at 9% or above for 30 straight months, from April 2009 until September 2011. […]
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Virginia Governor Ralph Northam, in the face of a recent rally that drew thousands of gun rights activists to protest his gun control agenda, was unable to get an “assault weapons ban” bill through his Democrat-controlled legislature for a full vote. By a vote of 10-5, with Democrats joining Republicans, the Senate Judiciary Committee voted […]
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The decade of near-zero interest rates in the aftermath of the financial crisis has helped fuel the creation of one of the largest debt bubbles in history. But while the corporate debt bubble gets much of the attention, as well as the $23+ trillion national debt, household debt grows largely unnoticed. And that household debt […]
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Hopefully you’ve stocked up on enough food and water to last you through any natural disaster or survival scenario. But if you ever find yourself in such a situation, you may find yourself wondering what to do in that instance. Your diet obviously is going to change, as you’ll have to rely exclusively on what […]
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The apple often doesn’t fall far from the tree. And while children certainly shouldn’t be judged based on what their parents do or have done, very often a child’s upbringing tells a lot about them and indicates what type of person they’ll grow up to be. Enter “Mayor Pete” Buttigieg, the mayor of South Bend, […]
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US Attorney General William Barr has officially announced that the Department of Justice (DOJ) has sued the State of New Jersey and King County, WA, where Seattle is located, over their “sanctuary” policies on immigration. The DOJ also announced it has lodged a complaint against California to challenge a state law aimed at banning the […]
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With the Chinese coronavirus remaining at the forefront of many people’s minds, prices of safe haven assets continue to shoot up. And while stocks remain elevated as some investors have reduced their fear of a pandemic, cryptocurrencies such as Bitcoin have gone on a tear. At the time of writing, the Bitcoin price was up […]
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Millions of investors realize that a market crash is coming, they just don’t know when. The “everything bubble” has been building up for years, with prices of assets throughout the economy losing touch with reality and underlying economic fundamentals. And despite more and more negative news coming out of China regarding the coronavirus, stocks remain […]
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