It does seem, at first, a huge contradiction. On the one hand, what we know so far of China’s 14th 5-year plan apparently will lean heavily on new technologies not-yet invented to rescue the country’s economy from the pit of de-globalization the eurodollar system had thrown it into years ago. If the global economy isn’t going to recover, and there’s [...]
Europe is not the only location seeking out more “inflation”, as almost any central bank around the world except Banco do Brasil would do anything to find it. The ECB provided more emphasis in their panicked escalation today. In China, by contrast, consumer prices moved to +2.3% in February, which was the highest rate since July 2014. Unfortunately, that rise [...]
While there are revisions to be made, and further revisions of those revisions, last month’s payroll report identified, unfortunately, what many economists are using for the “finish line” in this “recovery.” It is estimated in May that the US economy finally, ploddingly, regained the number of jobs it lost in the Great Recession. It took an enormous six years, a [...]
At the end of January 2013, UPS management patted themselves for company’s results in an admittedly tough environment. In between regular allusions to “strong” numbers and operational tendencies, Chairman and CEO D. Scott Davis wrapped it all up in the positive: “Although we fell short of our goals for the year, we did achieve record earnings per share.” The dichotomy [...]
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