An Alternative To Kim Jong Un’s 5 Year Economic Plan For North Korea: Free Markets

North Korea’s communist party is having its first party congress in 36 years. At which congress the leader (to be polite about it) Kim Jong Un has announced a new five year plan to grow the economy. This is to be known as the Bjongjin program of developing both economic […]

Original: Forbes Real Time

Be Careful About China’s Trade Figures: Value And Volumes Are Not The Same Thing

China has reported its April trade figures and there’s two interesting things buried under the basic headline figures. Those headline figures being that both imports and exports fell, the one more than the other, leading to a rise in the trade surplus. The two interesting points being that firstly, these […]

Original: Forbes Real Time

India’s Mistake Over Crude Oil Exports: Oil Isn’t Entirely Fungible

India has just continued to make the same mistake the United States made for many decades, the mistake that Britain entirely avoided. India has decided that since India imports much of the oil it uses therefore people who produce oil domestically cannot export it. This is just not the right […]

Original: Forbes Real Time

Donald Trump’s Glorious Threat To Default On The National Debt Is Just The Conventional Wisdom

Donald Trump has pointed out that if the US got into trouble with the national debt then it would be possible to negotiate that debt down. Perhaps buy it back at a discount, negotiate somehow with the holders of the debt so that they will agree to take less than […]

Original: Forbes Real Time

Iran Threatens To Close Oil Shipping Lanes, Could Beijing Do Likewise In South China Sea?

News from late last week that Iran had threatened to close oil shipping lanes in the Strait of Hormuz if the U.S. proceeds with further military drills is disturbing enough, but it also provokes questions about actions China could also take in the not to distance future in the South […]

Original: Forbes Real Time