Archives For May 2019

Take a look at the numbers below to get an idea of how badly China needs the US market and how significant is the trade imbalance. There is no other market to which China can turn to sell the amount of goods they sell to the US.

Once a year the Social Security Trustees report to Congress on the status of the Social Security system. They reported that the Trust funds gained $3 Billion in 2018. The net effect of that gain is that the combined asset reserves of the Social Security system is now projected to become depleted one year later than was projected at the end of 2017. Additionally, the Trustees project that the system will be able to pay 80% of benefits once depletion occurs – which is a 5% improvement over the 2017 report.