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China Is Threatening America's Unicorn Dominance

China Is Threatening America's Unicorn Dominance

The United States is the undisputed capital of the unicorn - private companies worth more than $1 billion. This title though, is becoming more and more under threat, primarily from China.

You will find more statistics at Statista

As Statista's Martin Armstrong notes, according to CB Insights, there are currently 215 unicorns in the world, of which 108 are from the U.S.

When it comes to the 'birth' of new unicorns however, America's strength is clearly being diluted.

Social Security Means-Testing Looms: "It's Impossible Without A 50% Income Tax Hike"

Social Security Means-Testing Looms: "It's Impossible Without A 50% Income Tax Hike"

Authored by John Mauldin via MauldinEconomics.com,

The projected total US debt will be $30 trillion within 10 years, using the CBO’s own numbers. But the CBO also makes the rosy assumptions that there will be no recessions and that GDP will grow at a 4% nominal rate.

Now, that’s possible; I'm inclined to haircut it a bit.

Satellite Footage Shows North Korea Preparing Ballistic Missile Launch Ahead Of US Naval Drills

Satellite Footage Shows North Korea Preparing Ballistic Missile Launch Ahead Of US Naval Drills

Echoing a report from earlier this week, when on Wednesday the Seoul-based Asia Business Daily reported that North Korea is preparing to fire multiple short-range rockets around the opening of the Chinese Communist Party’s twice-a-decade congress on Oct. 18 - arguably the year's most important geopolitical event - on Saturday the South Korean press claimed that "North Korea is believed to be preparing to launch a ballistic missile ahead of an upcoming joint naval drill by the US and South Korea", according to a government source.

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