Blog
I believe the most important thing Americans must do is to secure their economic well-being in an increasingly challenging, complex world. What I have written about all these years is the process of creating wealth, not for any one individual, but for the United States as a whole. Ever since I was a young correspondent witnessing the emergence of China after the country opened in 1979, I’ve believed we have to get more serious about creating wealth. I retain faith in the resiliency of the U.S. economy and the enterprise of American people. If Americans have the right strategies, we can once again create widespread wealth. Come with me on this journey.
China and the United States–a “New Cold War?”–An Overseas Press Club panel discussion
November 2, 2018
Confirmation that declines in Chinese purchases could be increasing U.S. interest rates, roiling stock market
October 24, 2018
President Trump is beating up on the Federal Reserve for raising interest rates, but the Fed does not have complete control. Big investors such as China (which holds $1 trillion in U.S. debt) can have major impact by simply buying fewer bonds and notes, as I suggested Oct. 5, seen here. Now comes confirmation from […]
Is Trump Losing South Korea?
October 17, 2018
Priesident Trump was quoted recently as saying that South Koreans could “do nothing” vis a vis North Korea without his permission. Oops. According to this report in the New York Times today, South Korean President Moon, a child of refugees from North Korea and a liberal in favor of re-unification, is talking about demilitarizing the […]
Ford Cutting Jobs Because of Trump Tariffs
October 11, 2018
Ford Motor said yesterday that it is going to have to cut management jobs in the United States because President Trump’s tariffs on steel and aluminum is hurting the company’s profitability. The story didn’t make the daily newspapers so for all my loyal readers, read it and weep.
Thanks to Andrew Ross Sorkin on China’s Holding of U.S. Debt
October 10, 2018
I am indebted to Andrew Ross Sorkin of The New York Times for following up on my blog from Friday asking whether the Chinese would “weaponize” (his term) their holding of $1 trillion of U.S. government debt. Here is his piece. He notes that the usual experts don’t believe China would ever do anything with […]
The bond sell-off: Is China sending us a message?
October 5, 2018
The financial markets are all atwitter about a two-day sell-off in U.S. government bonds, which is having a nasty impact on the U.S. stock market. Interest rates are increasing. Who is the largest holder of U.S. government debt? China’s government. They would not have to do anything radical to help create a sell-off. Even if […]
