The worldwide trail of destruction that comes with the spread of the Chinese Communist Party (CCP) virus has forced countries to re-examine wholesale their relationships with the CCP regime. The United States is no exception, especially Wall Street. Courtesy of the regime, the entire world, overnight, fell into the devastating grip of the communist-level lockdown: ...
John Magufuli, the President of Tanzania, has announced that he is canceling a US$10 billion loan offered by China. He called the terms and conditions of the loan so ridiculous that “only a drunkard” would accept it. Chinese loans to Tanzania The canceled Tanzanian loan was signed when the predecessor of Magufuli, Jakaya Kikwete, was ...
In March, Congress passed the CARES Act, which sets aside US$2.2 trillion for stimulating the American economy at a time when the CCP coronavirus outbreak has put a stop to growth. This seems similar to the US$700 billion bailout program introduced by the Federal Reserve during the aftermath of the 2008 Financial Crisis. This bailout ...
Any major pandemic not only creates a medical emergency but can also trigger an economic reversal that puts additional stress on individuals and governments. When it comes to the CCP coronavirus, it seems as if we might be headed toward one of the greatest economic reversals since the Great Depression, as per a forecast by ...
As we look ahead for the CCP coronavirus outbreak to sizzle down, economists are already calculating how the several weeks of lockdown and the resulting economic consequences are going to play out in the future. One factor that everyone is concerned about is inflation. Unfortunately, things do not look good in this regard. Inflation and COVID-19 ...
As factories have shut down and transportation is restricted due to the CCP coronavirus, global supply chains are now in tatters. Companies are unable to procure raw materials and components, thereby suffering from lower production and revenues. Some see the supply chain crisis as the first sign that the world has slipped into recession. The ...
After U.S. President Donald Trump signed a US$2.2 trillion financial package aimed at stimulating the American economy that has been stifled by the CCP coronavirus outbreak, one of the strongest criticisms against it is that it includes corporate bailouts instead of loans. Basically, the program promises to pay millions of dollars in cash to companies ...
Though the CCP virus outbreak situation in China is said to be stabilizing, which experts agree is probably not the case, things have remained rather disappointing for China’s economy. Whether it be employment, production levels, or economic growth, everything is in the red, a situation the country hasn’t suffered through in a long time. The ...
To deal with the economic consequences of the CCP coronavirus outbreak, the Trump administration has announced that individuals and businesses can have delayed tax payments for the year. In addition, measures like supplemental income and corporate loans have also been proposed. Tax and income “Individuals will be able to delay paying up to US$1 million ...
Oil prices are at their lowest level in years due to a price war between Saudi Arabia and Russia, along with the outbreak of the coronavirus infection. While countries that depend on oil exports to fuel their national budgets will be hit severely by the low oil prices, energy companies, as well as banks, also ...
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