China producer prices turn negative in warning sign for global economy

China producer prices turn negative in warning sign for global economy

SINGAPORE – Prices charged by Chinese companies at the factory gate registered their first annual decline in nearly two years, another depressing signal for the global economy, as bulging inventories and cautious consumers in the West hit overseas demand for Chinese-made goods. Chinese producer prices fell 1.3% in October from a year earlier, the National … Read more

Disney shows the limits of streaming

Disney shows the limits of streaming

The streaming form may be wearing thin in the Magic Kingdom. Disney DIS -0.53% said Tuesday afternoon that it added 12.1 million net new subscribers to its flagship Disney+ streaming service during its fiscal fourth quarter. That was 36% more than analysts had expected, and this time Disney didn’t rely entirely on growth from regions … Read more

Chinese officials signal no change to ‘zero COVID’ policy

Chinese officials signal no change to ‘zero COVID’ policy

BEIJING (AP) – Chinese health officials on Saturday gave no indication of any easing of COVID-19 restrictions after days of speculation that the government was considering changes to a “zero COVID” approach that has hampered economic growth and disrupted daily life. The officials said at a press conference that they would “unwaveringly” stick to the … Read more

10-year Treasury yields edge higher after Fed’s Powell says rates will go higher than expected

10-year Treasury yields edge higher after Fed’s Powell says rates will go higher than expected

Treasury yields swung wildly on Wednesday as traders tried to decipher the Federal Reserve’s message about its tightening after the central bank approved another big rate hike. The dividend on 10-year treasury last traded approx. 3 basis points higher at 4.086% after falling below 4% earlier. The politically sensitive 2-year treasury Last traded yield 7 … Read more

How Congress and Business Can Help Stop Inflation

How Congress and Business Can Help Stop Inflation

Americans look to the nation’s most powerful bank, the Federal Reserve, to fight inflation. “I think our biggest problem, at least for the foreseeable future, is high inflation,” Mark Zandi, chief economist at Moody’s Analytics, told CNBC. The Fed can raise interest rates to slow inflation, which ultimately makes the cost of borrowing higher for … Read more

China’s Factory Slowdown Worse Than Expected Under Weight of Covid Policies

China’s Factory Slowdown Worse Than Expected Under Weight of Covid Policies

HONG KONG—China’s factory activity contracted in October after a short-lived improvement, a fresh sign of the toll from the country’s stringent Covid policies and of fading global demand for Chinese-made goods. The official purchasing managers index for manufacturing fell to 49.2 from 50.1 in September, the National Bureau of Statistics said Monday. The result fell … Read more

The Deadly ‘De-Growth’ Craze – WSJ

The Deadly ‘De-Growth’ Craze – WSJ

The modern world is constantly subjected to crackpot movements that eventually fail, but not before causing serious damage. Karl Marx was a crackpot. So was the John Birch Society in its mission to fight communism “behind every tree.” The latest is Modern Monetary Theory and unlimited dollar creation for government spending, which caused today’s runaway … Read more

German economy shows surprising strength ahead of expected recession

German economy shows surprising strength ahead of expected recession

FRANKFURT—Germany’s economy grew modestly in the three months to September, showing surprising strength ahead of what economists expect will be a bleak period as the region’s households and businesses grapple with rising interest rates and prices fueled by Russia’s war in Ukraine . The fate of Europe’s largest economy and its traditional engine of growth … Read more

A recession reprieve, for now

A recession reprieve, for now

Photo: Richard B. Levine/Zuma Press Americans will take any good economic news they can get these days, and they got some with Thursday’s report that the US economy grew 2.6% in the third quarter. Unfortunately, the details of this growth spurt do not indicate the start of a new prosperity. Growth in the third quarter … Read more

China is falling into the middle income trap

China is falling into the middle income trap

The Chinese Communist Party’s 20th National Congress strengthened Xi Jinping’s power and confirmed his ideological views on China’s future. Beyond that, it revealed little about how China will deal with its faltering economy. Growth is slowing and increasing autocracy will only exacerbate long-term problems. The command-and-control model of governance is inherently flawed. The drag it … Read more