The current president of the world’s most important economy began to praise himself for achieving the largest economic growth miracle in history, if we were to believe the content of his tweets. The U.S. economy grew, according to the Bureau of Economic Analysis (BEA), at a rate of 4.2 percent year-on-year in the most recent quarter. “President Trump would need a magic wand to get to 4% GDP,” paraphrases president Trump former president Obama. “I guess I have a magic wand, 4.2%, and we... »
Trump Did It! The United States Economy Is Growing Thanks to the Tax Reform, Right?
September 20 2018
It’s Not the Trade Deficit, Stupid!
September 12 2018
The United States and China are engaged in a trade conflict, which is starting to increasingly resemble a real trade war. Now, I am fully aware that I am not saying something new here. However, I do want to address this topic once more, because it is about more than just trade.... »
The “China Effect”: How the U.S. Trade War with China Will Indirectly Harm the Eurozone
September 6 2018
The Chinese economy sometimes appears as to be an abstract notion far removed from our own personal lives, but the conflict on trade between on the one hand the United States and on the other hand China will also – regardless of the direct trade relations between Europe and the U.S. – harm the... »
Recent Behavior Gold Price Leads to Important Conclusion
August 22 2018
Turkey is suffering a full-blown currency crisis. That is how we could easily label the rapid depreciation of the Turkish lira by about 30 percent against the US dollar and the euro in just a few months’ time. The drop in the lira is increasingly leading to troubles in that country.... »