The Daily View: 1/17/2016 (lots of stuff)

From Fred Reed: The Inevitability of Eugenics I predict within 50 years America will start giving Eugenics a serious consideration as a way to tackle the growing entitlement spending problem, which by then will be much bigger than it is now if trends persist. Liberals…

The China Shop in the Bull

This story of the market falling 450 points is going viral on Reddit, which is unusual because finance-related stories typically don’t make it on the front page. The fact the market fell a lot on the first day of the new year is meaningless. If…

Economics Myths, Part 8: The Chinese Data is Fake

If you pay attention to the financial media inevitably you’ll come across unsubstantiated musings disguised as rigorous analysis about China’s economy being ‘fake’. But the funny thing is, you never hear similar stories about Brazil’s economy being fake, or about Turkey or Russia’s economy being…

The Economic Crisis Is In Brazil and Turkey, Not China

As the media goes on and on about a supposed ‘China crisis’, as if a 1% decline in China’s GDP growth constitutes a depression, Brazil was recently downgraded to ‘junk’ by Standard and Poors, meaning that Brazil’s economy, which is heavily dependent on oil, is…

China and The Liberal War on Success

Why does the crisis-seeking left want the economy of China to fail? Simple, because: In the late 70′s, China rejected Maoism and the Cultural Revolution, becoming a ‘Communism in name only’ type country, allowing for the proliferation of thousands of successful companies, eventually becoming the…

The Great Chinese Nothing

Just as quickly as the Chinese Stock market crashed – sending the western financial media into a tizzy, clicking their heels with delight the The Great Satan, China, would finally meet its comeuppance – it came roaring back as if nothing had happened, hence The…