#For the US, being No. 2 might be good for business

#For the US, being No. 2 might be good for business

Dwight Eisenhower had it right when he warned of a “defense-industrial complex” but not for what most people thought or understood at the time or since. The president was fearful that putting too many resources into that complex to overemphasize national security would have the opposite effect. The drain, he believed, on the private sector economy would…

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#Israel-Hamas war looms over slowing world economy

#Israel-Hamas war looms over slowing world economy

The outlook for the global economy is getting worse. International economic agencies are coalescing around slower growth projections after a year of interest rate hikes from central banks, even as the U.S. economy has so far defied a long-predicted downturn. The International Monetary Fund (IMF) on Tuesday said global growth will slow from 3.5 percent…

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#How China’s COVID surge will affect the world economy

#How China’s COVID surge will affect the world economy

“How China’s COVID surge will affect the world economy” It would be a gross understatement to say China is ill-prepared for President Xi Jinping’s recent abrupt abandonment of his zero-COVID policy. With a large part of the population inadequately vaccinated, COVID is spreading like wildfire across the country. More than half the passengers on a…

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#Fury over China’s insane, endless COVID lockdowns exposes President Xi

#Fury over China’s insane, endless COVID lockdowns exposes President Xi

“Fury over China’s insane, endless COVID lockdowns exposes President Xi” “Need human rights, need freedom,” chanted hundreds of protesters Saturday night in Shanghai, along with “Don’t want Covid test, want freedom!” and “Don’t want dictatorship, want democracy!” Plus demands for President Xi Jinping to “step down.” Xi’s insane “Zero COVID” policies and the endless severe…

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#Beware, Fed, of the coming credit market hangover

#Beware, Fed, of the coming credit market hangover

“Beware, Fed, of the coming credit market hangover” Warren Buffett famously said that only when the tide goes out will you find out who’s been swimming naked. By this he meant that it’s only when money is no longer cheap will you find out who borrowed imprudently and which borrowers are at risk of default….

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#Hyperinflation could cause worst economic crisis since WWII, fund warns

#Hyperinflation could cause worst economic crisis since WWII, fund warns

“Hyperinflation could cause worst economic crisis since WWII, fund warns” The global economy is at risk of crippling hyperinflation and “extraordinary” conditions that could prompt the worst financial crisis since World War II, according to major hedge fund Elliott Management. Elliott Management, led by famed billionaire investor Paul Singer, warned clients that extreme conditions present…

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#How a looming economic crash abroad could smack US shores

#How a looming economic crash abroad could smack US shores

“How a looming economic crash abroad could smack US shores” In 2008, we learned how very interconnected the world economy has become. A bankruptcy at Lehman, a relatively small US investment bank, shook the world financial system. It also plunged the world economy into its worst postwar recession up ’til then. This interconnectedness is why…

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