… give or take
// The IMF recently made a prediction that the Chinese economy, in total size, will be larger than America’s in a matter of years. In fact, the shift is so close that “According to the IMF forecast… whoever is elected U.S. president next year — Obama? Mitt Romney? Donald Trump? — will be the last [...]
// One of the most brilliant characterizations I have yet heard of the American economic system was given by Stephen Bannon (director of the recent documentary “Generation Zero”), on Sean Hannity’s show: “we have socialism for the very poor, and we have socialism for the wealthy; we have capitalism for the middle class.” It is [...]
// Fareed Zakaria writes recently in Newsweek that maybe the economic situation is not so bad after all. The financial system has calmed down and government intervention has helped with economic stability over the last year. Severe problems remain, like high unemployment in the West, and we face new problems caused by responses to the [...]
