Shrink the State. End the Fed. Balance the budget. Make a profit. Leave an inheritance.
Gary North
Written by Gary North on September 25, 2012
How long will QE3 last? Until the end of 2014, the president of the San Francisco Federal Reserve Bank has said. It will take more than a few months to reduce the unemployment rate, he says. The FED will buy $40 billion of mortgage bonds each month. It wil, also buy $45 billion in Treasury […]
Continue reading →Written by Gary North on January 24, 2012
Patrick Bond gave an important speech on January 10. He is Australia. Australia is tied closely to China’s economy. Bond took part in an 11-day study tour to south and central China in December. He uses the language of the old Marxism. He and his colleagues lost the ideological war, beginning in China in 1978, […]
Continue reading →Written by Gary North on December 9, 2011
China’s real estate bubble has popped. Rich Chinese who bought urban residential living space and are holding empty space off the market for appreciation have begun to take the inevitable bath. Most analysts expected monetary easing to start next year when inflation had subsided further. But then most China analysts were predicting a “soft landing” […]
Continue reading →Written by Gary North on November 18, 2011
China’s economic growth is fake. The economy is not growing at 9% per year. It is contracting by 10%. So said a prominent Hong Kong economist in a lecture he did not know was being recorded. (Guys, it’s a cell phone world!) The growth figures are fake. They are being pumped up by government spending […]
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