Tag: mar 16 2021

As we have forecast, the 20th century was the American century – the 21st century will be the Chinese century. The business of China is business; the business of America is war.  While America spent countless trillions waging and losing endless wars and enriching its military-industrial complex, China has spent its trillions advancing the nation’s...

In 2010, Japanese carmaker Nissan introduced the Leaf, the world’s first mass-produced fully electric car. A decade later, that nation’s auto industry has decided to step back – sticking with hybrid gas-and-battery vehicles, a market it dominates, and leaving the work of breaking ground in the nascent all-electric market to others. The market for hybrids...

After its most comprehensive policy review in five years, the Bank of Japan will continue its program of quantitative easing, Masayoshi Amamiya, the bank’s chief monetary strategist, indicated in a speech last week cited by the Financial Times. The bank was mulling near-term policy changes but decided to leave its strategy unchanged because the country’s...

With interest rates edging up in Europe as U.S. yields rise and the American economy readies to rebound, the European Central Bank (ECB) will accelerate its €1.85-trillion bond-buying program “at a significantly higher pace than during the first months of the year,” ECB president Christine Lagarde said at an 11 March news conference. The accelerated...

The surge in U.S. economic growth this year, spurred by massive government stimulus spending, will fuel a strong global rebound, according to an analysis by the Organization for Economic Cooperation and Development (OECD). The world’s economy will reach pre-pandemic output levels by the middle of this year, the OECD now predicts, six months earlier than...

In the spring of 2020, 5.7 million fewer Europeans were working than at the end of 2019, according to a new report from the European Foundation for the Improvement of Living and Working Conditions. In the 12 months preceding spring 2020, employment across the continent slipped 2.4 percent and the average workweek shrank by one...