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China Unveils A Housing Market Bailout: Here’s What’s In It, And Why It Is Still Not Enough
China Unveils A Housing Market Bailout: Here’s What’s In It, And Why It Is Still Not Enough More than four years ago, when China first launched its latest “deleveraging” campaign targeted at bursting the country’s housing bubble in a controlled fashion, which coincidentally was the single largest asset for China’s massive middle class, we – and many […]
Bidenomics At Work: Ford Slashing Battery Orders As Losses Per EV Approach $100,000
Bidenomics At Work: Ford Slashing Battery Orders As Losses Per EV Approach $100,000 Ford is cutting battery orders in yet another sign that the EV market, despite a constant tailwind from the U.S. taxpayer, is starting to slow. The company is cutting the orders to curb electric-vehicle losses as it scales back its EV strategy in […]
Is China’s Oil Demand Set For A Major Bounce Back?
Is China’s Oil Demand Set For A Major Bounce Back? China’s extraordinary economic expansion almost singlehandedly drove a supercycle in key commodities since the mid-90s. This robust performance across several major sectors in China’s economy is in sharp contrast to the growth drivers seen last year. China continues to buy oil from Russia and Iran […]
Biden Wants EVs so Badly That He Will Quadruple Tariffs on Them
Biden Wants EVs so Badly That He Will Quadruple Tariffs on Them Astute readers will immediately notice the title of this post makes no sense. It’s not supposed to. But it is exactly what President Biden is doing. Biden to Quadruple Tariffs on Chinese EVs Counter to the idea that quick EV adoption is needed […]
“Economics Works In Mysterious Ways”: Is China’s Wealth Effect Being Substituted?
“Economics Works In Mysterious Ways”: Is China’s Wealth Effect Being Substituted? Is the wealth effect being substituted? Summary China’s real estate market suffered heavy losses early this year while stock market investors continue to face huge uncertainty. This will add to the deterioration of household balances and as such could influence private domestic (consumer) demand. […]
China can’t quit coal by 2040, researchers say, despite global climate goals
China can’t quit coal by 2040, researchers say, despite global climate goals A general view of a coal mine during a Huawei-organised media tour, in Yulin city, Shaanxi province, China April 24, 2023. REUTERS/Tingshu Wang Purchase Licensing Rights, opens new tab BEIJING, April 23 (Reuters) – China’s coal consumption will fall by just one-third by 2040, according […]
China evacuates over 100,000 as heavy rain continues to lash south
China evacuates over 100,000 as heavy rain continues to lash south China is facing increasingly extreme weather events as climate change takes its toll. China has evacuated more than 100,000 people as heavy rain continues to lash the southern province of Guangdong. Authorities raised the highest level of alarm on Tuesday as the storms showed no […]
Congress Just Supercharged the Dollar’s Downfall
Congress Just Supercharged the Dollar’s Downfall Confiscation, Weaponization, and De-Dollarization “The dollar’s role as the world’s primary reserve currency is a boon for the United States but a bane for the rest of the world.” ~ Barry Eichengreen The U.S. Senate has predictably voted to give $95 billion to Ukraine, Israel, and Taiwan, just three […]
US To Convert Pacific Oil Rigs Into Military Bases as Part of Anti-China Buildup
US To Convert Pacific Oil Rigs Into Military Bases as Part of Anti-China Buildup The idea is to create mobile missile defense systems and resupply bases The US Navy will convert surplus oil rigs in the western Pacific into mobile military bases as part of the US military buildup aimed at China, The Defense Post reported on […]
China issues highest-level rainstorm warning after fatal Guangdong floods
GUANGZHOU (Xinhua/Lu Hanxin) China issues highest-level rainstorm warning after fatal Guangdong floods More than 100,000 people have been evacuated due to heavy rain and fatal floods in southern China, with the government issuing its highest-level rainstorm warning for the affected area on Tuesday. Torrential rains have lashed Guangdong province in recent days, swelling rivers and […]
FBI says Chinese hackers preparing to attack US infrastructure
FBI says Chinese hackers preparing to attack US infrastructure FBI Director Christopher Wray testifies before the House Approbations Subcommittee on Capitol Hill in Washington, U.S., April 11, 2024. REUTERS/Michael A. McCoy/File Photo Purchase Licensing Rights, opens new tab Nashville, Tennessee, April 18 (Reuters) – Chinese government-linked hackers have burrowed into U.S. critical infrastructure and are waiting “for […]
