Recession returns to Hong Kong after zero-COVID adherence

Social problem 08/03/22, 03:08

Hong Kong, one of the world’s financial hubs, is falling back into a second recession, illustrating  the costs of loyalty to the zero-COVID policy.  According to figures released on August 1, Hong Kong’s gross domestic product shrank by 1.4% in the second quarter of 2022. At least, it is a narrower ...

Autonomy: Many Chinese people want to be free from government rule

Social problem 07/29/22, 03:21

Many residents in China’s provinces and cities are feeling the heat from the regime’s Covid policies, and an economic recession, and are trying to flee the country. Because of the “zero policy,” about 10,000 wealthy Chinese are hoping to settle overseas. This would result in an outflow of $48 billion. They ...

China’s debt-to-GDP ratio falls, but the economy is still in recession

China 11/05/21, 19:14

China's total debt as a percentage of gross domestic product has fallen for the fourth straight quarter, as the government tries to strike a balance between ensuring steady economic growth and averting financial risks, according to Bloomberg. China's total debt as a percentage of gross domestic product (GDP) decreased from ...

Two economists predict US is entering recession due to bleak consumer sentiment data

U.S. 10/16/21, 16:33

Citing the recent data of troubling consumer sentiment, a pair of economists pointed to a model of a looming recession in the United States economy. In a paper earlier this month, Professor David Blanchflower of Dartmouth College and Professor Alex Bryson of University College London predicted an upcoming downturn in the United States, which ...

Joe Biden and the high risk to investors in US elections

Politics 07/21/20, 11:13

Former Vice President Joe Biden, the Democratic candidate for the presidency, would represent a high risk for investors in the stock markets, given the impact they could experience should he win the election. Recent polls in which Biden leads raises alarm bells because if he gains the White House, the markets ...

Joe Biden: President Trump squanders a growing economy from Obama admin

Politics 06/10/20, 05:59

The presumptive Democratic presidential nominee Joe Biden claimed on Tuesday, June 9, that President Donald Trump has “squandered” an economic expansion inherited from the previous administration. “Donald Trump inherited the longest economic expansion in history from the Obama-Biden Administration, but like everything else he’s inherited, he has squandered it,” Biden wrote ...

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