ECONOMICS

Via SchiffGold.com,

Does the massive national debt matter?

A lot of people don’t think it does, at least not yet. They point to Japan as an example of a cou (more…)

Authored by Daniel Lacalle,

The United States is borrowing its way to disguise recession.

The headline economic figures for the United States look robust. However, details show concerning weaknesses.

Real GDP growth surged to 4.9% in the third quarter, above the consensus estimate of 4.5%. However, some analysts, including Bloomberg, expected up to 5% growth based on the nowcast estimates.

United States unemployment is also low, at 3.8%, but real wage growth (more…)

By Charlie Zhu and Helen Sun, Bloomberg markets live reporters and strategists

Three things we learned last week:

1. China’s top leadership is finally making a concerted effort to get the economy and external relations back on track. A rare move to raise the budget deficit mid-year, along with President Xi Jinping’s unprecedented visit to the central bank, underscored a sense of urgency among policymakers to support growth.

For starters, a plan to sell 1 trillion yuan ($137 (more…)