Andrew Gordon discusses a remarkable turn of events as companies develop a renewed sense of appreciation for the American workplace…
How dangerous is our $14 trillion debt to the financial and national security of our country? Impossible to answer unless you know who owns our debt.
China’s growth is still over 9%. That’s outstanding for every single economy in the world but one. Yes, you guessed it, China’s. So when the numbers came in yesterday that China’s inflation had receded to a more acceptable level, to 5.5% in October from 6.1% in September, it was very good news and not just for the giant Asian country.
Of the four biggest economies – the US, China, Japan and Germany – the US is the oddball. The only debtor in the bunch. The other three run huge surpluses each and every year.
Now that Europe has decided to expand its emergency fund, China is paying a well-timed visit with them to see how they can use their enormous surpluses to help prop up a country or two. Maybe a few banks here or there or, the likeliest candidate, the emergency fund itself.
Jobs are scarce these days. And that has lead to all kinds of “end-of-America” talk about the US economy.
Especially when compared to China.
China’s economy will overtake America’s in size by 2016. It’s after the world’s resources across the board to sustain its growth. It houses a mature financial power center in Hong Kong and another that will surpass Hong Kong’s in time, in Shanghai’s Pudong district
A recession is now inevitable. It was too much to expect China sustaining rapid economic growth in the face of a global slowdown. And China was our last hope…
