China, as we have written for quite a while (along with many others) is in serious trouble. Underpinning the “Chinese Dream” is piles and piles and piles of (likely bad) debt.
Tag Archives: economy
Moneynews: US Has Morphed Into ‘Crony Capitalism’
It has. But it’s not the endgame. Free market capitalism, with the free movement of prices is what our economy needs. In a sped up world innovators may be able to make end runs around the crony capitalist system. They may overwhelm the state/corporate dynamic. But as we wrote over the weekend, it will take a lot of work.
The Moral Crisis of Crony Capitalism
An interview with friend of ACC Peter Schweizer on how crony capitalism infects a society and mutates the economy.
Manufacturing in U.S. Shrinks at Fastest Pace in Four Years
This ain’t good. And yet nary a tremble from the market. I wonder why?
US stocks down 200, Is there something “strange” going on in Japanese markets?
Art Cashin the dean of the NYSE floor stopped short of saying that out and out manipulation was happening in Japanese after markets trading.
Washington DC is Awash in Money, Welcome to Your Shining Crony Capitalist Capital City
Washington DC is indeed booming. Over the past 5 years billions and billions of tax dollars have been poured into the local economy. Contractors of all sorts fill the mirrored buildings surrounding DC. The roads are choked with commuters, many of whom are new transplants from the less prosperous regions of the country. The wealth of a nation has been aggregated in and around the Beltway. Money is here and millions are being “made.” (Really, being redistributed.)
Bernanke’s Cures Are the Economy’s Disease
So the Fed is going to “taper” away the quantitative easing, the printing of money, in which it is currently engaged. Bernanke (or Larry Summers—shudder) will one day allow interest rates to rise back to normal levels. Don’t worry, the economy will emerge from this radical economic experiment and all will be well. You’ll see. Ben promises.
Political intelligence firms set up meetings for investment firms (looking for information) at White House
Tom Woods: Do Libertarians Support Crony Capitalism?
For those who are unfamiliar with Tom Woods I suggest you get to know him. He is a rigorous thinker, an entertaining writer, and from what I can tell seems to be a pretty cool guy generally. He drives a minivan and readily admits it. His book Meltdown, dealing with the financial crisis of 2008, is a book everyone should have on their shelf or loaded on their tablet.
Video: How 3D Printing Is About to Change Your World (On a revolutionary level, think cars, computers)
Imagine if one could print one’s furniture, one’s car, one’s house at 1/20 the cost and at a higher quality level. Then imagine printing organs for transplant This will likely happen in the very near future. Like we said in the previous post, with inexpensive 3D printing the world has changed. Get ready.
