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Trading Ideas

Why Capitalism Doesn’t Need to Be Reformed

Many people – especially those who stand to benefit politically – have claimed that capitalism is broken.
Today, Alexander Green explains why our free market society is working exactly as it should, and how anyone can use it to achieve a rich life.

For years now, some folks have claimed that capitalism is broken and needs to be reformed.
Notably, this week the Business Roundtable, a group made up of the CEOs of 192 of the largest U.S. companies, seemed to endorse the idea as well.
They even issued a statement:
Americans deserve an economy that allows each person to succeed through hard work and …read more […]

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Business News

Powell says Fed will ‘act as appropriate’ but offers little more guidance

The U.S. economy is in a “favorable place” and the Federal Reserve will “act as appropriate” to keep the current economic expansion on track, Fed chair Jerome Powell said on Friday in remarks that gave few clues about whether the central bank will cut interest rates at its next meeting or not.

…read more […]

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Business News

Powell: Fed to act as appropriate to keep expansion going

The U.S. economy is in a “favorable place” and the Federal Reserve will “act as appropriate” to keep the current economic expansion on track, Fed chair Jerome Powell said on Friday in remarks that gave few clues about whether the central bank will cut interest rates at its next meeting or not.

…read more […]

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Business News

China to impose extra tariffs on U.S. soy, beef and pork

China said on Friday it will impose an extra 5% tariff on U.S. soybeans from Sept 1, and additional 10% duties on U.S. wheat, corn and sorghum from Dec. 15, in Beijing’s latest retaliatory trade measures https://www.reuters.com/article/us-usa-trade-china/china-strikes-back-in-trade-dispute-with-u-s-with-new-tariffs-idUSKCN1VD1AJ against Washington.

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Business News

Powell: U.S. in ‘favorable’ place, Fed will ‘act as appropriate’

The U.S. economy is in a “favorable place” and the Federal Reserve will “act as appropriate” to keep the current economic expansion on track, Fed chair Jerome Powell said on Friday in remarks that gave few clues about whether the central bank will cut interest rates at its next meeting or not.

…read more […]