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China’s economy is showing signs of extreme stress, and not just because of President Donald Trump’s trade war. Economic data is showing that China’s debt problems are gobbling up cash faster than more Chinese people can become consumers. To change this narrative and calm markets, China will have to make a deal with Trump by […]

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“I’m very worried about it,” Fed Powell said Thursday. “It’s a long-run issue that we definitely need to face, and ultimately, will have no choice but to face.” Total U.S. debt is about $21.9 trillion, of which $16 trillion is owed by the public. The sustained annual U.S. deficit is now believed to be more […]

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