economic impact Archive

economic impactGreat Recessions Lasting Impact to Millennials Careers and Finances

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Millennials (now aged 21 to 37) have paid a price for starting their careers during the Great Recession. They had to face historically weak labor demand and unusually tight credit conditions. Millennials are less well off than members of earlier …

chinaFuture Trade War Balance of Power From Now to 2055

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The Trade Wars have revealed that true power is consumer market spending power and having control of key production and production inputs. Economic power is consumer market power and lack of production supply chain weaknesses. Trade War Reveals Production Dependence …

chinaUS and China Close to a Stop Gap Trade Deal

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The Wall Street Journal is reporting that are exploring a trade deal in which Washington would hold off on further tariffs through the spring in exchange for new talks looking at big changes in Chinese economic policy, said officials from …

argentinaArgentina Compared to Brazil

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There was a prediction from Peter Zeihan that Japan, Argentina and Turkey would emerge as regionally dominant powers. Japan would dominate Asia, Argentina would dominate South America and Turkey would dominate the area of Europe and the Middle East near …

chinaPeter Zeihan Makes Bad Predictions With Bad Premises

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Peter Zeihan is a geopolitical strategist who specializes in global energy, demographics and security. He has been quoted in national and international media on a variety of geopolitical topics. He makes a prediction in the video below about the breakup …

economic impactCost of US Wars on Terror at $6 trillion in 2019 and $7 trillion in 2023

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Brown University estimates the US Wars on Terror will be $5.9 trillion through 2019. This includes direct war and war-related spending and obligations for future spending on post 9/11 war veterans. US war spending will continue to grow. The Pentagon …

businessSpaceX Super Heavy Starship makes Starlink Satellite Network Cheap

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We do not know any details about the radical change to the SpaceX Spaceship Super Heavy (aka BFS/BFR) design. However, if the design enables SpaceX to hit the $2 billion lower-end development cost then SpaceX has the money to develop …

economic impactSustaining 3% GDP Growth instead of 2% for ten years for the USA

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National Economic Council Director Larry Kudlow talked about maintaining GDP growth at 3% for the USA for ten years. The USA had 3%-4% GDP growth most of the time from 1975 to 2007. It was only from 2008 to 2016 …

economic impactBrexit getting closer

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Brexit is currently scheduled to end its transition period in December 2020. Brexit is the British exit from the European Union. Theresa May’s cabinet meets later on Wednesday to approve or reject the text of a draft withdrawal agreement drawn …

asiaAsia will be over half of the world economy in 2028

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Asia is about 60% of the world’s population. There are about 7.7 billion people in the world and 4.6 billion are in Asia. In 2030, the world will have about 8.56 billion and Asia will have nearly 5 billion people. …