Business Pundit

This is a post by Minyanville.com. Author James Kostohryz is an entrepreneur and investment professional. In Why Inflation in China Could Get Out of Control, I predicted that, to the extent that China continues to grow at a rapid pace,… Read more

A good infographic from the Banzai7… Read more

Mottos for the new $100 may include: * Not coming soon to a bank near you. * It has blank spots, just like the US economy. * When governments and printing presses collide. * We couldn’t even get this right. * We ran out of blank checks,… Read more

When it comes to keeping tax cuts for the wealthy during a recession, I will echo one poignant statement: “The American economy thrived in the face of much higher taxes on well-off families during the 1950s and 1960s” (Paul Krugman/1993). Obama’s… Read more

Dutch castle for sale. Image by Photocapy/Flickr. Pending home sales, instead of dropping 1% in October as estimated, rose 10%. The gains happened amidst rock-bottom mortgage rates of 4.3% and late September’s foreclosure moratorium. Bloomberg… Read more

The federal deficit commission, a bipartisan group tasked with figuring out how to decrease the national deficit, has released a final report, aptly entitled The Moment of Truth. If the report is approved, then the commission can make official… Read more

Civilian federal government employees will have their pay frozen for 2011 and 2012, according to a New York Times report: The president’s proposal will effectively wipe out plans for a 1.4 percent across-the-board raise for 2.1 million… Read more

Last quarter, US GDP grew 2.5%, thanks to consumers spending more on goods and services; companies building up inventory; companies buying factories, equipment, software, and other space (M&A activity?); less imports, and higher federal government… Read more

Image: Alan Mak/Wikimedia Commons Move over, Shanghai. China’s economic future lies in its center–the 20 biggest cities in inland China, to be exact. The Economist, in a new report, has dubbed this trend CHAMPS (named after some of the leading… Read more

Image: PRA Lest you forget that the weather can throw a wrench into the economy, rubber trees in Asia have been getting rained on too much during the past year, meaning rubber products are going way up in price soon. The Financial Times… Read more

This Tuesday and Wednesday, the Fed will unleash a second round of quantitative easing (increasing the money supply) geared at jolting the economy back into action. After failing to keep unemployment at bay and stabilize falling prices, the Fed… Read more

We like to call ourselves the richest country in the world, but the 2010 Legatum Prosperity Index has different ideas. The Prosperity Index factors in both money and citizen wellbeing in its rankings. It “finds that the most prosperous nations in… Read more

Chinese National Offshore Oil Corp., or CNOOC, is buying a $1.08 billion (or 33%) stake in Chesapeake Energy Corp.’s Texas Eagle Ford shale project. It is the biggest Chinese acquisition of a US oil and gas company to date, according to… Read more

Image: Brendel Almost two weeks ago, a GMAC mortgage processor shared that he had approved hundreds of thousands of foreclosure documents without reviewing them. As a result of the claim, which was given during sworn depositions, GMAC Mortgage… Read more