Federal Subsidies for “Green” Power

Written by Gary North on June 26, 2012

The Department of Energy has a slush fund of $20 million to promote green energy. With the government running a $1.2 trillion deficit, this is chump change. But it indicates the extent of the waste. The campaign praises expensive solutions at the expense of cost-effective ones. Many green energy firms are funded by the federal […]

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China’s Imminent Recession Will Spread

Written by Gary North on June 21, 2012

There is little doubt that China is entering into a recession. The government of China’s statistics do not indicate this, but another key indicator does: the purchasing manager’s index. When it falls below 50, this indicates contraction. The PMI for China’s manufacturing sector is headed for 48.1. When China’s manufacturing sector is contracting, the urban […]

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