China’s debt to GDP ration is 297%. Some of the increase in debt is because of the belt and road initiative. They lent money to a lot of countries to build infrastructure. That infrastructure hasn’t really paid off. China also has a lot of infrastructure that’s not being used in some of the poorest cantons. High speed rails, multiple airports that have been empty they finally just shut it down. On the flip side, China is also the single largest owner of U.S. Government debt and it is making everyone nervous.
Walter and Mark discuss the cargo ship that was stuck in the Suez Canal in March 2021. It brought up the question of how...
In this episode, Mark Hall and Dr. Walter Kemmsies discuss the 2024 Election. Excerpts: Let's take a look at the Biden and we'll take...
Some countries impose higher tariffs on U.S. goods compared to the tariffs the U.S. imposes on their products. This can hurt U.S. exporters because...