As Korea’s domestic demand is on the decline, a fall in exports will throw the country out of the frying pan into the fire.
I saw the following analogy while reading the memoirs of Ben Bernanke, the chairman of the Federal Reserve who played a huge role in helping the nation overcome the Great Recession 10 years ago.
There was a fire in a house in a town where the majority of houses were in close proximity to one another. Most people [Read more]
“It will be necessary to respond to this warfare – through economic and political means, and if necessary, other means as well. Our American friends should understand what that means."
<i>Donald Trump’s offensive against the Turkish strongman is particularly incomprehensible and dangerous</i>
It seems to be unavoidable that every summer brings its own unique crisis. This year, it’s the collapse of the Turkish lira, which came as the result of a growing confrontation between the presidents of [Read more]
All things considered though, the economy is still the biggest arrow in the Trump quiver. If he can keep the issue front and centre, which isn’t easy, given the daily disruptions, the roaring economy will serve him well.
The principal challenge to business confidence has a name: Donald Trump.
Google is considered ... an American interest by the White House, and action against the company is ... an action against the U.S.
American society knows that this chaos is the result of the White House’s deliberate provocation.