The National Retail Federation expects the economy to grow nearly 7 percent this year as businesses reopen and consumer confidence continues to rise.
The chart below shows the colorful tangle magnified. China is the second largest economy in the world, yet its currency plays only a minuscule and declining role as a reserve currency, and is no threat to the US. But note the surge of the yellow line, “all othe...
In the winter of 1908, the two men spotted an opportunity to invest in the rubber industry and created an investment trust. 1920-1928 The Roaring 20s: The US economy enjoyed robust growth between 1922 and 1929. Increased use of electricity and rising consumer demand for automobiles and radio ...
WeneedtheU.S.markettocreatejobsinChina,theUnitedStatesneedsChineseproductstomaintaindailylife;weneeddollarsforforeignexchangereserves;theUnitedStatesneedsChinatobuyAmericanbondstorestoretheeconomy.ComplementaryeconomicinterestsdeterminethatChinaandtheUnitedStatesaremainlypartnersinbuyingandselling,therelationshipbetweencustom...
In summary, the U.S. economy remains robust despite weaker economic data. The housing market is normalizing, not collapsing, and initial claims and core durable goods orders are still rising at double-digit rates. Additionally, second quarter real GDP growth is expected to be revised upward, ...
The chart below shows the other currencies magnified. And their shares of the total have been rising over the years. The exception is the Chinese RMB. China is the second largest economy in the world, yet its currency plays only a small and declinin...
We estimate the monthly volatility of the US economy from 1968 to 2006 by extending the coincidentindex model of Stock and Watson (1991). Our volatility index, which we call VOLINX, hasfour applications. First, it sheds light on the Great Moderation. VOLINX captures the decrease in the...
In the 80s of last century, the Japanese economy entered a period of rapid development. In 1985, Japan replaced the United States as the largest creditor in the world, and the products made in Japan flooded the globe. At the same time, the US external trade deficit has expanded year by ...
Trump's latest import tariff threat will damage the global trading system, trigger other countries' immediate retaliation and damage the US economy.What do they think about it in the textile industry? In the long run, we must improve the competitiveness of our products. ...
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