Politics & Government

China has surpassed the World Bank as the World’s Largest Creditor

The opaque lending of China to developing countries has missed the eyes of the World Bank and other regulatory institutions. The reporting is far from transparent, as one would assume that the Chinese prefer to do their credit work under the radar. With that said, let’s try to establish some data points. “Between 2000 and 2017, other countries’ debt owed ...

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The Euro hangs in the balance of the Italian Economy

The fact that individual countries would give up their financial sovereignty and allow those with diverse cultures and different agendas to dictate policy still amazes me. The euro is the current epicenter of mild hysteria in the European Union. These are the same quislings who brought open borders to the continent and allowed their culture to be altered by the ...

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Kamala Harris: Let’s Just Buy the Black Vote

Speaking Saturday at the Essence Festival (an event celebrating black culture), presidential hopeful Kamala Harris promised to invest $100 billion in housing assistance for black families as part of an effort to increase minority homeownership and close the racial wealth gap. “A typical black family has just $10 of wealth for every $100 held by a white family,” said Harris. ...

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Independence Day: Speaking up for freedom

If we were to prioritize the Freedoms articulated in the Constitution and the Bill of Rights, I would select ‘free speech” as the most important. Without the ability of an individual to speak freely – and even offensively – freedom of religion would have no meaning. Freedom of the press would be a myth. Our right to assemble and especially ...

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So Much Hope Riding on the G20 Summit

In case you haven’t heard, there’s a big international event taking place this weekend in Osaka, Japan. I don’t know how you could have avoided hearing about the G20 summit because it is everywhere in the financial news. If you are a reader of Bull Market Rodeo, I am guessing that you also visit other financial oriented sites. It isn’t ...

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Elizabeth Warren’s anti-entrepreneur “You didn’t build that on your own” Speech

As with academic papers written by scholars and examined by students, it is assumed that the subject matter is accurate and generally follows the nomenclature of purpose, hypotheses and findings. I will use this template to critique a discourse of diatribe by Elizabeth Warren that is known as the “You didn’t build that on your own” speech. (Editor’s note: You ...

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Traders Getting Ahead of Themselves on Fed Funds Rate Cuts

With the global bond rally continuing and equity markets struggling over the past month, bond traders have made a drastic shift in what they expect the Fed to do with the Fed Funds rate. Of course, falling stock prices and rising bond prices aren’t the only culprits in the shift. Stocks have fallen over the past month after the trade ...

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Why the U.S. Dollar is the Global Currency of World Trade

Those that despise the U.S. around the world wish nothing more than the demise of our natural monopoly on the numeraire, and its place as trade reserve extraordinaire. Dollar denominated global transactions account for roughly 60 percent of reserves, with the euro falling a distant second at 20 percent of reserves, dwindling down to a few rubbles and yuan from ...

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