Intractable Hostilities Are Driving Rising Energy and Food Prices
The world energy market is experiencing declining supplies and a prospect of an unprecedented magnitude and duration of severe energy shortages. The European Union (E.U.) was the first region to face those problems in 2014, after the violent change of Ukrainian government and the ensuing unrest in D...
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Emerging and Developing Asia Is the Fastest Growing Segment of World Economy
The 11 members of the Association of Southeast Asian Nations (ASEAN) remain the bright spot in a slowing global economy. It is estimated that they will grow this year at an annual rate of 5 percent while advanced economies continue their slowdown. The four countries accounting for nearly three quart...
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Energy Shock Inflation Is a Prelude to Epochal Economic and Political Changes
American and European monetary authorities are facing sharply rising inflation pressures, widening budget deficits, increasing public debt, slowing economic growth, soaring energy prices, uncontrollable fighting in the Middle East, and an outburst of European military hostilities. The question is no...
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The U.S. and China Need a Thorough Review of Their Relations
A good preview of next week’s U.S.-China summit in Beijing (May 14-15, 2026) is a discussion China’s Premier Li Quiang had on May 7, 2026, with visiting American senators, led by Steve Daines, a Republican from Montana. According to China’s official media, Premier Li told the American delegati...
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U.S. and China Are Adversaries Locked in a Strategic Competition
Bilateral trade and investment flows are the most reliable indications of the current state and likely future directions of U.S.-China relations. Last year, the U.S. trade deficit with China declined 31.6 percent from 2024, with Chinese exports to America falling 29.7 percent and U.S. exports to Chi...
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The Euro Area Can Attenuate the Impending Recession
A relative stability of the European single currency over the last twelve months has more to do with the dollar’s weakness than with an appropriate policy mix followed by the European Central Bank (ECB). Based on the trade-weighted exchange rate during the last twelve months, the value of the euro...
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China Has Solved Its US Trade Problem, But World Order Issues Are the Hard Part
Halving its exports to the US in the first two months of this year, while raising total export sales by 22 percent is a result of China’s successful trade diversification policy. The way Beijing has achieved that trade adjustment process deserves particular attention. For the first time, one can s...
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The U.S. Economy Is Expected to Remain on a Slow Growth Path
Independent monthly business surveys offer the most reliable evidence of the economy’s business cycle position and its short-term growth outlook. Survey data collected by the U.S. purchasing agents about production, sales, inventories, employment, prices and intangibles, such as business and consu...
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U.S. -- China Trade Is Plummeting, but They Agree to Keep Talking
Those who are still guessing about the new world order should look carefully at the unfolding U.S., China and Russia relations. A widely assumed world order with the United Nations at its core has lost the little relevance it ever had. Big power relations have always been the predominant form of run...
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China Needs Active Labor Policies and Easy Credit Conditions
The guessing game behind Beijing’s economic growth forecasts looks like a way to show China naysayers incompetent and their agenda ideologically biased. And incompetent they are, because China’s this year growth estimate between 4.5 percent and 5 percent is fully consistent with the country’s ...
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