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.
Mark and Walter discuss electrical vehicles and their carbon footprint. What are L3 and L5 cars? Will the country actually be comfortable with cars...
U.S. foreign policy has had a significant and lasting impact on the world in various ways. Its objectives are generally centered on promoting national...
In today's episode, Dr. Walter Kemmsies and Mark Hall discuss the Fed's Interest Rate Hike and its ripple effects. Do we need a recession...