Wall Street Journal (July 17)
In March, the Chinese Communist Party “set a GDP growth target range of 4.5% to 5% for the year, its most pessimistic since the 1990s.” Four months later, Beijing announced that “gross domestic product grew 4.3% year-on-year in inflation-adjusted terms in the April through June quarter.” That’s both “shockingly bad” and greatly exaggerated. “There’s accumulating evidence that the country’s true GDP growth rate may be zero, or that the economy is in outright recession.”
Tags: 1990s, Bad, CCP, Economy, Evidence, Exaggerated, GDP, Growth rate, Inflation adjusted, Pessimistic, Quarter, Target, Zero
Barron’s (June 19)
“The escalating conflict between Israel and Iran has sent oil prices higher over the past few days. If history is anything to go by, the pressure it’s putting on global energy costs will fade before too long.” Immediate fears of a shortage “are usually exaggerated–the risk that geopolitical events create a shortage of crude almost never materialize, even though that’s always the first thing on traders’ minds.”
Tags: Conflict, Crude, Energy costs, Escalating, Exaggerated, Fears, Geopolitical events, History, Iran, Israel, Oil prices, Pressure, Risk, Shortage, Traders
New York Times (January 9)
President Trump “has been painfully out of his element. Two years in, he remains ill suited to the complicated, thankless, often grinding work of leading the nation.” Clearly there is a crisis, but “the crisis is in the Oval Office. The president has exaggerated threats but ignored the hazards his border policies created.”
Tags: Complicated, Crisis, Exaggerated, Grinding, Ill-suited, Oval Office, Threats, Trump
Chicago Tribune (May 18)
“The danger of pot is commonly exaggerated.” Four years ago when Colorado legalized marijuana, there were all sorts of fears regarding negative consequences. These haven’t materialized. “Legalization has been remarkable for how unremarkable it’s been.”
Tags: Colorado, Consequences, Danger, Exaggerated, Fears, Legalization, Marijuana, Negative, Pot, Unremarkable
Institutional Investor (April 14)
In the U.S., “freakishly mild meteorological conditions this winter gave a major boost to the economy, which otherwise would likely have contracted in the first quarter. Moreover, the weather has set investors up for a shock.” With a return to the recessionary trend likely during the second quarter, there will be “exaggerated drops from the weather-boosted first-quarter figures.”
Tags: Economy, Exaggerated, Investors, Meteorological conditions, Recessionary trend, U.S., Weather, Winter
