China Snared in “Middle-income Trap”

This post China Snared in “Middle-income Trap” appeared first on Daily Reckoning. A large number of China analysts are concluding that growth in China is slower than the official government reports. In fact, growth is even worse than the pessimists...

Multiple Risks Are Converging at Once

This post Multiple Risks Are Converging at Once appeared first on Daily Reckoning. Since the end of QE and the “taper” in October 2014, the Fed has been trying to “normalize” their balance sheet and interest rates. The balance sheet needed to b...

More Evidence of Coming Recession

This post More Evidence of Coming Recession appeared first on Daily Reckoning. The stock market took a wobble yesterday. The Dow Jones slipped 104 points, the S&P seven. The Nasdaq worked a slight gain… but the bears won the day’s combat by...

One Step Closer to Ruin

This post One Step Closer to Ruin appeared first on Daily Reckoning. “Blessed are the young, for they shall inherit the national debt.” — Herbert Hoover Today we pause to acknowledge a sad mile marker… another waypoint on the road to the po...