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

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

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