It's estimated that nearly 4.8 billion people, or about 61% of the world's population, currently have internet access. The top ten websites saw a 10.7% increase in traffic last year compared to a 2.3% increase for the remaining 90. Thankfully for Facebook it acquired Instagram, because Facebook's traffic fell 7% Read more…
“It's Winter-Time For Capital Flow” – Outbreak Sparks Collapse In Chinese Tech Venture Funding Hundreds of startups in China failed in 2019 as macroeconomic headwinds flourished. But now, the Covid-19 outbreak in the country crippled the already deteriorating venture capital industry, as funding freezes last month, according to Bloomberg, citing a Read more…
For the rest, the Federal Reserve System is, not an ideal currency system to be sure (for who would dare to call it that?), but, implicitly at least, the best of all possible systems. But if economists let their imaginations run wild in having their ideal central banks stand in Read more…
Japan Unexpectedly Reports Terrible GDP As It Slides Into Recession One look at the latest GDP print out of Japan, and one would think the country's economy was already being ravaged by the coronavirus: at -1.6% Q/Q and a whopping -6.3% annualized – nearly double the 3.8% estimated drop – Read more…
For those who missed it, here it is again: back in November, we reported that as part of a stress test conducted by China's central bank in the first half of 2019, 30 medium- and large-sized banks were tested; In the base-case scenario, assuming GDP growth dropped to 5.3% – Read more…
The “he did not believe he intentionally misled them” defense is not just implausible; it proved unavailing on McCabe's watch, at least in General Flynn's case. In point of fact, McCabe had consulted closely with Page about the leak. He might even have told her to coordinate with Mike Kortan, then the Read more…
We will preserve the Peace!” Maduro said. Venezuelan Minister of Defense Vladimir Padrino tweeted that Bolivarian Shield 2020 Exercise will be conducted through the weekend and across the country. Hoy en desarrollo el segundo día del Ejercicio Militar #EscudoBolivariano2020. (@vladimirpadrino) February 16, 2020 AFP's Yuri Cortez tweets pictures of an infantry battalion Read more…
More importantly, if 0.7% remains the actual growth rate for Q4 after all companies have reported, it will mark the first time the index has reported year-over-year growth in earnings since Q4 2018 (13.3%), and will represent an end to the earnings recession that lasted for all of 2019. So Read more…
There's a third option, too: It's simply misunderstood. Net Oil Exporter For many years, the United States has been the leader in the $6 trillion global energy market, and is currently the world's largest oil producer accounting for about 18 percent of global oil supply. In 2019, the US became Read more…
The coronavirus coming out of China is only going to make China's problems far worse. We are going to have a global recession in the first quarter of 2020. ” Pento also points out, “If they keep aggressively printing all of this money, and clearly Jerome Powell (Fed Head) told Read more…