David Crowder

This last Monday, the fragile trade situation between the U.S. and Europe reached a new boiling point. After the WTO World Trade Organization ruled that the EU was illegally subsidizing France and Germany’s aerospace company Airbus, the United States administration…

This past week, internationally respected Chief Economist Mark Zandi of Moody’s Analytics stated that the world economy is “highly likely” to enter a recession if the United States and China can not reach a trade agreement to end the trade…

This last Friday British Prime Minister Theresa May failed in her latest quest to push a third attempt of her unpopular Brexit divorce deal through Parliament. This followed on the heels of the Parliament failing to pass a majority for…

Last week, the Central Bank of Russia was out trumpeting their latest acquisition of assets. They bought yet another 31.1 tons in gold for February, raising their full national reserves up to 2,149 tons. It is safe to say that…

The Chinese Premier Li Keqiang made a rare and somewhat startling admission this past week. He admitted that the Chinese government will have to support the economy as new pressures to national growth emerge. Translation: All is far from well…

Recently released data revealed that the economy of the euro zone has experienced its slowest rate of growth in the last four years for the last three months in 2018. More recently than this, manufacturing data (for Germany and the…

This last week there was more bad news out of the student loan market bubble. For the fourth quarter of 2018 ending December 31st, the total American household debt reached an all-time high amount of $13.54 trillion. A large percentage…

With all of the constant focus on the immediate ramifications of the U.S.-China trade war, investors easily lose sight of the longer-term threat to the United States. This past week, the world’s largest Hedge Fund CEO, BlackRock’s Larry Fink turned…

While governments are out busily touting the success of the global economy, economists are singing a different tune. This past week, renowned Nobel prize winning economist Paul Krugman was speaking at the Dubai-based World Government Summit. Here he shared his…

The last few weeks have made it clear that few resource-rich countries in the world have the troubles that Venezuela does today. Not only is the country embroiled in the midst of a devastating humanitarian crisis as its inflation spirals…

Economists have long debated which would be the first leading economy to fall into recession when the wild experiment with sub-zero interest rates and quantitative easing finally ended. As of this past week we officially know. Italy is the first…

Adding his considerable voice to the growing chorus of international worry on the global economy this past week at the World Economic Forum in Davos was Mario Draghi, President of the European Central Bank. Draghi has his plate full in…

Davos is in full swing, and this year’s conference reveals a much grimmer global economic reality than last year’s did. PIMCO’s Studzinkski raised three specters of problems challenging the world geopolitical economy with the protectionist policies of President Trump, the…

Last week the confidence in the Federal Reserve Chairman cracked publicly as he committed the unpardonable sin of admitting he is afraid of the mushrooming U.S. Federal government debt. While government officials have a traditional mantra of instilling public confidence…