ECONOMICS

He who produces or he who consumes. Who holds the power? If China cut off the United States, shelves could go empty in weeks. If the U.S. closes its doors to China, the country’s income would collapse ushering in a severe depression.

So should American’s count their blessings as they are showered with inexpensive goods or is “the customer always right”?

Tonight we will have our answer. Visit the ZeroHedge homepage tonight at 7pm ET for our Premium China Debate (more…)

Despite the slump in 'soft' survey data, analysts expected Empire Fed Manufacturing to bounce back from March's tumble to one year lows and they were right with the headline index rising from -20.0 to -8.1 (considerably better than the -13.5), but still negative. However, while current conditions jumped, expectations plunged to the lowest since 9/11/…

Source: Bloomberg

The gauges of future bookings and shipments dropped to the lowest in data back to 2001. (more…)

Sony, citing inflation and 'fluctuating exchange rates,' has hiked the price of the Playstation 5 in several regions – but is shielding US consumers from the decision.

The Sony Playstation logo is seen at the Paris Games Week (PGW), a trade fair for video games in Paris, France, November 5, 2023. REUTERS/Claudia Greco/File Photo

The company said it was a "tough decision" to raise PS5 prices for the first time in three years.

"With a backdrop of a (more…)