Category: China

How Trump Made Bitcoin Great Again

May 21, 2019, 05:30am William Pesek The Twittersphere is pulsating with theories for Bitcoin’s return from the near-dead. Explanations for its 100% rally so far this year include rising volatility in markets, decreased mining activity and a burst of good headlines. The last point includes a 60 Minutes feature from May 19. Great exposure coming right after
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Trump’s Assault on the Fed

FORBES William Pesek Federal Reserve Board Chairman Jerome Powell speaks at the Economic Club of Washington on January 10, 2019 in Washington, D.C. (Photo: Win McNamee/Getty Images). “You’re fired!” Asians once liked watching Donald Trump yell these words at reality-show contestants as much as anyone. That, of course, was back in Trump’s pre-presidency days hosting
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Trump’s China Torture Act Backfires

FORBES William Pesek It’s time to call Donald Trump’s trade war what it is: an experiment in economic torture. Only, the U.S. president is dabbling in both roles. On the one hand, his tariffs are giving China quite a wallop, delivering sadistic pain and humiliation to Asia’s biggest economy. On the other, the pain is
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