China tells state banks to prepare for a massive dollar dump and yuan buying spree as Beijing’s prior interventions have failed to stem its currency’s worst

Chinese President Xi Jinping.Kevin Frayer/Getty Images Reuters reported that China told state-owned banks to get ready to sell dollars and buy yuan in an effort to prop up the local currency. The move could stem the yuan’s fall, as it remains on track for its largest annual loss against the […]

This week in Bidenomics: Fooled by gas prices

America’s mood is improving, as gas prices decline. Pump prices have fallen by $1.30 per gallon since June, to a somewhat manageable national average of $3.70. Consumer confidence fell during the first half of the year, as gas prices were soaring, but confidence has improved since July. There’s no better […]

America is doing better than you think

Americans are in a foul mood. Consumer confidence is at recessionary levels, even though there’s no recession. Seventy percent of Americans think the nation is heading in the wrong direction, with only 23% saying it’s on the right track. Okay, fine. Inflation is a pain. Politics are toxic. COVID may […]