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China Finally Halts Outflows. Now What?

Christopher Balding, Bloomberg View, Released on 4/10/17 Renminbi had been leaving the mainland at a rate of around $60 billion per month in the middle of 2016. But for the…

Banks may be behind the mysterious drop-off in car sales

Auto loan delinquencies have rising in all categories, and lenders, after a long period of low rates and cheap money, have been tightening loan standards Continue……

China offers concessions to avert trade war with U.S.

According a story by the Financial Times, China plans to offer better market access for financial sector investments and U.S. beef exports in an effort to avert a trade war…

California Prepares To Enact The Highest Gas Tax In The Country

Gas taxes are intended to provide revenue for road construction, maintenance, repair, and improvements, but bureaucrats usually divert much of the money to other things Continue……

Americans are taking out the largest mortgages on record

The Mortgage Bankers Association’s weekly purchase loan data released Wednesday showed that the average size of a mortgage loan was the highest in the history of its Continue……

UK households’ savings fall to record low

“Today’s figures should set alarm bells ringing. The last thing our economy needs right now is another consumer debt crisis, but with wage growth stalling and prices rising, many households…

Soon you’ll be able to go to work in a flying taxi

Late for your job? Imagine that rather than riding the subway you could head to your local “vertiport,” board your own personal aircraft that runs on electricity Continue……

Trump to unveil $1 trillion infrastructure plan later this year: official

The plan will include “a strategic, targeted program of investment valued at $1 trillion over 10 years. The proposal will cover more than transportation infrastructure, it will include Continue……