ECONOMICS

By Ruchir Sharma, chair of Rockefeller International

In a historic turn, China’s rise as an economic superpower is reversing. The biggest global story of the past half century may be over.    

After stagnating under Mao Zedong in the 1960s and 70s, China opened to the world in the 1980s — and took off in subsequent decades. Its share of the global economy rose nearly tenfold from below 2 per cent in 1990 to 18.4 per cent in 2021. No nation had ever risen so far, so fast.    (more…)

Via SchiffGold.com,

The latest buzzword in the mainstream financial media is “soft landing.” Everybody seems convinced the Fed has beaten inflation, and that it has completely avoided pushing the economy into a recession. According to the mainstream narrative, we may see a bit of an economic slowdown in the months ahead, but a recession is pretty much off the table. In his podcast, Peter Schiff explains why a soft landing is impossible.

Wall Street is booming with the (more…)

What's the highest-valued startup in the world? Why, ByteDance – makers of Chinese social media app TikTok, which one might suspect endeavors to drive the collective IQ into double-digits one ADHD-triggering clip at a time, according to the CB Insights unicorn list (the valuation, not the commentary).

In fact, as Katharina Buchholz of Statista further notes, the top 8 highest-valued startups in the world only features one non-U.S. and non-Chinese company, Fintech app (more…)