The Federal Reserve has seemingly changed its position on interest rates yet again, thus further demonstrating a disturbing lack of policymaking cohesion under Federal Reserve Chairman Jerome Powell. Rate cuts are likely, but when will they come, and will they be enough to lift a sagging economy?
EU parliamentary elections are only a month away, elections in which far-right and far-left parties will potentially secure record seat allocations. Despite their seemingly different ideologies, they have one thing in common: support from the desperate youth and disaffected who have been dispossessed by the policies of the ECB. If real growth cannot emerge soon in Europe, the odds are very real that the political and economic project of the EU may well be fated to fail.
With the ongoing trade war causing highly volatile relations between the United States and China, new evidence is emerging that the PRC (People’s Republic of China) is reevaluating its position in the face of hardening American opposition.
The trade war between the world’s two largest economies is entering its second round, and China is taking a beating. Bloomberg writes that China has recently ceded its position as the world’s second largest economy in terms of market capitalization to Japan, whose equities it eclipsed previously in 2014. Chinese equities dropped in value to $6.09 trillion USD slipping well below the Japanese equity market, which is currently valued at $6.17 trillion USD.
According to a new article from the Brookings Institution, only 4 in 10 disabled Americans are employed, even as there is now an available job for every unemployed American seeking work. As counter intuitive as it may seem, one of the reasons for low levels of disabled employment is the Americans with Disabilities Act (ADA). If the United States wishes to improve levels of disabled employment, the ADA should be repealed.