Financial and Economic Brief - November 1, 2021by © Liberty Publishing, Inc.
What is the Current Status of Electric Vehicles in the US?
In spite of what we are told, and the hype that seems to permeate around electric vehicle ownership and usage in the United States, the current numbers are less stellar than one might think. Converting an economy from reliance on gasoline fueled vehicles may be easier said than done. The tax incentives for purchasing an electric vehicle have all but evaporated. Hence, many are asking how long it will take to sway the American people. Here is some of the latest research.
The Rising Costs of Everything – What We Need and What We Love
Many economists are raising an alarming inflation scenario that is based on backlogs and supply chain shortages that America has rarely seen before. The question is this; is the inflation seen in almost every area of what people need on a daily basis, transitory i.e. not permanent? How many Americans really believe that prices will readjust and come down or will prices stabilize with no negative affect? What the past has frequently taught us is that the more money that is pumped into an economy, the higher the risk that inflation will have a deleterious effect on the population at large.
The Economic Outlook for the Chinese Economy – America’s Largest Competitor
After decades of double digit growth in GDP, the Chinese economy is beginning to show signs of slower growth. China is a formidable economic power that has been building its economy at the expense, as many indicate, of the United States. There is no question that China is focusing on becoming a dominating force in the world. They persist in testing and challenging the United States on a continuing basis. Here are some economic facts about the future of the Chinese economy.