China, Germany plan to settle more trade in yuan, euros

Aug 30 (Reuters) - Germany and China plan to conduct an increasing amount of their trade in euros and yuan, the two nations said in a joint statement after talks between Chancellor Angela Merkel and Chinese Premier Wen Jiabao in Beijing on Thursday. Remember, Germany's the economic engine of Europe, and China is the economic [...]

By |2012-09-06T15:47:31-04:00September 6th, 2012|Economy, Featured Categories, Uncategorized|0 Comments

Stop the Spending Now!

It's time to face facts: the national government is broke. The following chart is from the website of the Federal Reserve. It shows federal expenditures (blue) compared to federal tax receipts (red). The difference between the two is, of course, the federal deficit, which has ballooned to truly historic proportions. Clearly, the path we're on [...]

By |2010-04-21T20:18:53-04:00April 21st, 2010|Uncategorized|1 Comment

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