Over the past 30 years, the technocrats in Beijing have attained an almost mythical status. Decade after two decades of rapid double digit growth has transformed China into the world’s second biggest economy, slashing poverty at the same time. Deng Xiaoping, transformed China from a poor, centrally planned, rural economy into the vibrant, export-oriented juggernaut that remains one of the world’s fastest-growing major economies.
But those golden days are now over. Beijing wanted to re-balance the Chinese economy, to make growth less…
When Turkish President Recep Tayyip Erdogan called for a presidential and parliamentary election June 24th — jumping the gun by more than a year—the outcome was foreordained. Erdogan has imprisoned a presidential candidate, and the election will be held essentially under martial law. There is virtually no independent media left in the country. Erdogan has loaded all the dice, marked every card, and rigged every roulette wheel, making sure a victory next month is guaranteed.
Two years ago, Erdogan accused Muslim cleric…
Listen to Gary Dorsch’s interview with the Financial Sense Radio Show, dated May 18th. Please Click on the Read More tab, located below, in order to listen.
The Bank of Japan <BoJ> has been under clandestine pressure from Trump administration over the past year, to start winding down its ultra easy money policy, as Japan’s economy has posted solid growth for eight straight quarters, its longest run in 28 years. Hiroshi Watanabe, Japan’s former top currency diplomat, who retains close contact with international financial diplomats, said the BoJ is struggling to justify its policy of capping 10-year bond yields at zero percent with the economy in good shape and the job market near full employment.
Apr 03, 2018
