Moody’s Lowers Credit Rating of China to Negative from Stable

beijing-2

Moody’s lowered its outlook on China’s credit rating stable to negative. We have been warning that our models on China indicate that the bottom in the economy does not appear likely until 2020. This should be a 13-year contraction. So far, that forecast appears to be on target.

Latest Posts

Income Equality – Paying People Not to Work?

https://www.armstrongeconomics.com/wp-content/uploads/2024/04/Dr-Phil-Income-Equality.mp4     Under Communism, everyone made the same. That removed the incentive to even invent anything. The socialists looked at Henry Ford and despised his wealth. They ignored that [...]
Read more

RFK Jr – Armenian Genocide Continues

https://www.armstrongeconomics.com/wp-content/uploads/2024/04/RFKJr.ArmenianGenocide.mp4   No one is chanting about this human rights issue because it is not profitable or trendy. The victims are also mostly (97%) Christian, an unprotected class considered the [...]
Read more