CHINA’S ECONOMY IS CRACKING. THE EXPERTS STILL DON’T SEE WHY
Wall Street was shocked this week by China’s April economic data.
I wasn’t. Xi Jinping certainly wasn’t. Donald Trump probably wasn’t.
Beijing reported numbers that show its exports can no longer offset its deteriorating domestic consumption.
numbers are so bad that not a single economist surveyed by Bloomberg had predicted the result, across industry, retail sales, and investment.
Industrial production rose just 4.1 percent. But retail sales rose only 0.2 percent. Fixed-asset investment unexpectedly shrank 1.6 percent in the first four months of the year. Car sales plunged 15 percent. Household confidence remains broken.
And these are the cooked official numbers. Reality is much worse.
The “experts” were stunned. They shouldn’t have been.
The problem is not that economists missed a monthly data point. The problem is that the people paid to understand China still do not understand the larger story.
They see industrial production, retail sales, property, tariffs, rare earths, oil, and shipping lanes as separate issues. They are not. They never are. But under Trump, they have become one comprehensive story.
That story is China’s Great Reversal.
In foreign policy, timing, leverage, and national interest must guide the strategy of engagement with rising powers.
A few days ago, the Lynde and Harry Bradley Foundation bestowed one of its storied
We may have witnessed the 

At the Temple of the Peacock Angel in the Yezidi holy city of Lalish, you find this entrance to a Sacred Spring with a carved black snake, revered by Yezidis as they believe a black snake stuck itself into a hole in Noah’s Ark and saved humanity.


LOUISVILLE, KY — Representative Thomas Massie has accused the Jewish population of rural Kentucky of being the cause of his primary defeat.

In late April, Australia signed a deal to buy eleven new frigates from Japan.