Our podcast this week features an interview with James Bianco , market-savvy macro-economic analyst and head ofBianco Research here in Chicago. He shares his thoughts about the Fed, markets, the long-lost world of stock picking, and the role of cryptocurrencies as a new monetary regime unfolds.
As some of my more patient friends know, I have been toiling away at a book on Chinese monetary history during the Interwar period off and on for some years. Immersing myself in the public and private words of the historic figures of the 1930’s has perhaps sensitized me to the propensity of even well-intentioned leaders to glide into chaos. That which is unthinkable inexorably becomes inevitable.
On May 15th-16th, the Conference on Dialogue of Asian Civilizations (CDAC) was held in Beijing, another important domestic diplomatic event in 2019, following the second Belt and Road Forum for International Cooperation (BRF) and the 2019 Beijing International Horticultural Exhibition.
The CDAC was initiated by Chinese President Xi Jinping at the 4th summit of the Conference on Interaction and Confidence-Building Measures in Asia in 2014 and was formally proposed at the annual meeting of the Boao Forum for Asia in 2015.
Today, five days after he tweeted this deadline and nine months since he first declared the intention to do so, President Trump raised the tariff on $200B of imports from China from the +10% first applied in March 2018 to +25%. The action follows China’s message to U.S. negotiators backtracking on a number of earlier promises to increase intellectual property protections.
EconVue is about the Gettier Problem which to simplify means that just because one is justified in drawing a conclusion, doesn’t mean that it is true. For example, we certainly could be justified in thinking that racial hatred has increased in the US based on media and news reports. However, a fascinating University of Pennsylvania study says that this isn’t true, and that actually racial prejudice has been declining.