Time (December 7)
“To his believers, he delivers change—broad, deep, historic change, not modest measures doled out in Dixie cups; to his detractors, he inspires fear both for what he may do and what may be done in his name.” Time magazine named Donald Trump their Person of the Year because he “had the greatest influence, for better or worse, on the events of the year.”
Tags: Change, Detractors, Fears, Historic, Influence, Inspires, Person of the Year, Time, 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
Reuters (May 15)
“Fears policy makers are out of ammunition has led a growing number of overseas investors to speculate the BOJ might resort to helicopter money,” but this remains unlikely. “Bank of Japan Governor Haruhiko Kuroda likes to keep markets guessing by saying one thing and doing another, but… officials and close associates say he almost certainly means it” when he rules out using helicopter money to reinvigorate the economy.
Tags: Ammunition, BOJ, Economy, Fears, Guessing, Helicopter money, Kuroda, Markets, Overseas investors, Policy makers
Bloomberg (February 23)
“For Chinese leaders, the need to prop up faltering GDP growth outweighs fears about a rapid buildup in debt.” New loans from banks were 70% higher in January than a year prior. “Debt now tops 230 percent of GDP and could reach as high as 300 percent of GDP if current trends continue…. Even the Bank for International Settlements, a body not known for hyperbole, has warned that Chinese debt is reaching levels that typically trigger financial crises.”
Financial Times (August 11)
Fears are growing of a meltdown in the aluminum market as Chinese output soars and, much like the oil market, supply outstrips demand. “China now accounts for more than half of global supply, up from 18 per cent in 2003 thanks to cheap power and the world’s most efficiently built smelters. Established producers from North America to Russia and the Middle East—facing the lowest prices since the financial crisis, reduced margins and profits—are anxious but do not want to cut capacity for fear of losing market share.”
Tags: Aluminum, Capacity, China, Fears, Margins, Market share, Meltdown, Middle East, North America, Oil, Output, Profits, Russia, Smelters
Wall Street Journal (August 6)
“Taiwan’s leaders have warned for years that economic isolation will damage the nation’s competitiveness. Now their worst fears may be coming true, and the consequences of resisting freer trade and economic reform are becoming clear.”
Tags: Competitiveness, Consequences, Damage, Economic isolation, Fears, Free trade, Leaders, Reform, Taiwan
