The Daily Reckoning

Three Cheers for the “Do Nothing” President

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The most intellectual presidents are usually the most trouble… Trump was just the kind of “nuisance” the nation could have used… The entire world may have reached “credit exhaustion”…

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The Crumbling Chinese Market

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“China is so heavily indebted that it is now at the point where more debt does not produce growth. Adding additional debt today slows the economy and calls into question China’s ability to service its existing debt”…

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China Snared in “Middle-income Trap”

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Subtract China’s fraud and waste, and its economy is far worse than official numbers indicate… China struggles to break free of the “middle-income trap”…

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