Some economists believe that the balance of payments is what determines currency exchange rates. In fact, exchange rates are always about the purchasing power of some currencies relative to others.
The “One-China” policy assumes Taiwan to be a runaway province. The people of Taiwan, however, see their country as sovereign, and their reasons have merit.
While South Africa’s political authorities pursue genocide accusations against other countries, those same leaders are destroying the nation’s economy and basic infrastructure. This is a failed state.
In a recent statement, the Federal Reserve declared that US banks are "sound and resilient," but a lot of markets, including real estate, testify to a very different situation.
The jobs report is only something to brag about if one's definition of a strong jobs economy is one in which fewer people have jobs, full-time jobs are disappearing, and government jobs are a growing component of overall job growth.
At the urging of a progressive prosecutor, a Michigan jury this week vastly expanded criminal law to convict parents of a school shooter who themselves had not broken the law.