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Search resuls for: "Mickey D. Levy"


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China Pays for Economic Mismanagement
  + stars: | 2023-08-25 | by ( Mickey D. Levy | ) www.wsj.com   time to read: 1 min
Review and Outlook: A joint naval patrol near the Aleutian islands is a warning and a test for the U.S. Images: Zuma Press/Alaska Volcano Observatory/Associated Press Composite: Mark KellyIt’s economic payback time in China. The bill is coming due for excesses resulting from Beijing’s rejection of free enterprise in favor of communist ideals. Xi Jinping has been a powerful dictator, but his stewardship of China’s economy has been awful, proving again that government leaders who allocate resources without regard to markets create economic dysfunction. China’s overreliance on real estate and debt will take years to unwind.
Persons: Mark Kelly It’s, Xi Jinping Organizations: Zuma Press, Associated Locations: Alaska, China
Mistakes the Fed Keeps Making
  + stars: | 2023-03-22 | by ( Mickey D. Levy | ) www.wsj.com   time to read: +1 min
Every time the Federal Reserve has maintained easy monetary policy too long and then raised rates abruptly, the consequences have been jarring. Even when the economy managed to avoid recessions, it couldn’t avoid bumps on the road. Every episode is different, but every episode exposes the weak links. Martin Gruenberg , chairman of the Federal Deposit Insurance Corp., recently estimated that banks faced $620 billion in paper losses at year-end 2022. The Fed’s misleading forecasts have contributed to the costs of reducing inflation and risk a banking crisis.
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