Debt and deficits won’t be as bad as feared but are still dangerous, CBO says
Attached article explains that US debt as a percent of GDP is 141%. This figure does not include entitlement spending which is not currently funded by the US government. If we add in entitlement spending deficits, US debt to GDP is over 500%. This is why entitlement reform is absolutely coming.
These are the top 10 beaches in America
When determining the best beaches in America, Dr. Beach factors in 50 criteria, including water temperature, sand softness, views and vistas and public safety.
Why China’s rare earths threat is no game changer in the trade war
China’s threat to stop exporting rare earth minerals to the United States may not give Beijing much leverage in the ongoing trade war between the world’s two biggest economies.
That $22 trillion national debt number is huge, but here’s what it really means
National debt for the first time passed $22 trillion this week — a big, scary number that really doesn’t pose much of a threat now but threatens to in the future.
Inside the Future Factory
Over the past 40 years, the fishing village of Shenzhen has been reborn as a futuristic metropolis bursting with factories.
UPDATE 1-China pledges to buy ‘substantial amount’ of U.S. goods -USTR
China has pledged to purchase “a substantial amount” of agricultural, energy and manufactured goods and services from the United States, the U.S. Trade Representative’s office said on Wednesday after U.S.-China trade talks wrapped up in Beijing.
Machines take the blame as U.S. stock market sells off
Investors searching for perpetrators and victims in this week’s U.S. stock market selloff pointed to a familiar source: number-crunching fund managers and machines.
Thoughts on the Market
Capital Markets Update Current market conditions are repricing asset classes around an upward shifting inflation expectation and steepening yield curve. At the same time, there is fear around Federal Reserve Policy resulting in over tightening. Our research supports the view that the US is still mid cycle with strong momentum going into 2019. The labor […]
Here are the key changes between the old NAFTA and the new one
The Trump administration’s new trade deal with Canada and Mexico leaves much of the old North American Free Trade Agreement intact. There are some key differences, however, particularly when it comes to the dairy and auto industries.
72-year-old Fidelity bets on the future with blockchain, virtual reality and AI
The financial services company is experimenting with blockchain, artificial intelligence and virtual reality and competing with Google, Facebook and Microsoft to recruit top talent from Silicon Valley.