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China Overtakes US, Largest Economy In World

China Overtakes US, Largest Economy In World
In April, the World Bank’s International Comparison Program said that China is poised to overtake the US as the world’s biggest economy earlier than expected, possibly as soon as this year, using calculations that are based on so-called purchasing power parity (PPP).?That prediction has ... Read more

Coming Recession Being Caused Again By Big Finance

Coming Recession Being Caused Again By Big Finance
The essential point of both the China and USA Federal Reserve policy reversals of 2013-14—policy reversals that are now driving Latin America into recession—is that both policy shifts have their fundamental origins in the financial destabilization behavior of the global finance capital elite. ... Read more

Democracy is Bad for Business

Democracy is Bad for Business
A story that has gotten weirdly little play in the US (I can’t speak for the UK press or the press in other countries) is the pushback by the ‘Big Four’ accountancy firms against the democracy movement in Hong Kong. On July 1, over 100,000 people marched in protest against Chinese plans to curtail democracy in ... Read more

The Emerging Global Economic ‘Perfect Storm’

The Emerging Global Economic ‘Perfect Storm’
Much like a perfect storm at sea is the consequence of three converging bad weather fronts, three significant global economic trends have begun to intensify and converge in recent months: (1) a slowing of the China economy and a parallel growing financial instability in its shadow banking system; (2) ... Read more