ECONOMICS

Authored by Ryan McMaken via The Mises Institute,

Net saving as a percentage of gross national income has been negative since the first quarter of 2023.

The current period of negative net savings is only the third time that net saving has gone negative in more than 75 years.

Looking back to the late 1940s, we find that the overall trend in net saving increased during the post-war period of economic retrenchment in the (more…)

Confirming Premier Li's earlier leak, China's economy grew at 5.2% YoY – comfortably and miraculously beating the all-knowing official target of 'around 5%' (which is the lowest target in decades), as industrial production and investment climbed in the final stretch of the year.

However, thew GDP print at +5.2% was weaker than the +5.3% consensus estimate.

While GDP accelerated, other indicators were mixed in the final month of 2023:

• Industrial (more…)

By Tsvetana Paraskova of OilPrice.com

The number of commercial vessels that have transited the Red Sea/Suez Canal route has more than halved over the past month amid rising tensions off Yemen, but more than 100 ships, including oil tankers, have crossed the water lane since the U.S. and UK navies advised operators on Friday to steer clear of the route.

Amid escalating tensions in the Middle East and the U.S. and UK strikes on Houthi targets in Yemen on Thursday night last week, (more…)