Daily Reads 5/06/2019
Hi, everyone. Starting off the week of May 6 we see a trend for which cities are experiencing a business boom. Find out what was covered in the Berkshire Hathaway annual gathering. The fed faces skepticism over their monetary strategy. Presedent Trump’s proposed tariffs further escalate tensions with China. And we learn that the U.S. is now experiencing an unpresented period of growth.
Personal finance website GOBankingRates analyzed 347 American cities with populations of 500,000 or under, looking for places experiencing a combination of economic prosperity, population growth and rising incomes.
CEO Warren Buffett and vice chairman Charlie Munger sat on stage, and fielded questions from investors of all ages. The event has come to be celebrated in more ways like a sporting event than a stuffy meeting of executives and the shareholders they have to answer to.
Participants at a Hoover Institution monetary conference questioned whether the central bankers have the will or the way to implement the fresh strategies they outlined, including average inflation targeting.
President Donald Trump dramatically increased pressure on China to reach a trade deal by announcing on Sunday he would hike U.S. tariffs on $200 billion worth of Chinese goods this week and target hundreds of billions more soon.
The current U.S. economic expansion that began in 2009 will celebrate its 10th anniversary in June. The following month, it will become the longest period of sustained U.S. growth on record, according to the National Bureau of Economic Research, surpassing the 10-year-long expansion from March 1991 to March 2001.