China has toppled America to become the biggest economy in the world, according to figures from the International Monetary Fund. The US has been the global leader since it overtook Britain in 1872, but has now lost its status as number one. The latest IMF figures show the Chinese economy is worth £11trillion compared with […]
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At the risk of sounding a little foolish, there is, sadly, much evidence that World War Three has already arrived, though not quite in the way so many futurologists of the past imagined it, as a clash between superpowers, their tanks chasing each other across the North German plain. Nowadays, our planet is much more […]
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Japanese save a lot. They do not spend much. Also, Japan exports far more than it imports. Has an annual trade surplus of over 100 billion. Yet Japanese economy is considered weak, even collapsing. Americans spend, save little. Also US imports more than it exports. Has an annual trade deficit of over $400 billion. Yet, […]
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