Worldcrunch
A week of record highs flipped to panic with new China tariff talk, exposing fragile nerves as experts warn that a fast growing $2.2 trillion private credit market with light oversight, risky PIK structures, and bank and insurer exposure could turn the next shock into a chain reaction.
The crushing weight of Chinese loans to socialist Venezuela may yet become the biggest, if less publicized, obstacle to the restoration of liberal democracy there, if its power-drunk president were ever to abandon power as he once again appears unwilling to do after a highly contested election.
Conceived of last century by the American economist as a direct means for stimulating consumption, ‘dropping’ money on all households may be what Europe needs now.
–OpEd- PARIS — The year is 2050. Cash has disappeared. People now pay for their purchases with their smartphones. And as in so many other sectors, Apple and Google are the big winners — along with Microsoft, who makes a small chip, which people implant under their skin to use as an electronic wallet. For […]
Which is the greater number: $105 or $100 plus 3%? You might think this a trivial question, but about 60% of adults can’t answer it correctly — and many of them still use financial services. It’s an alarming situation. After all, smokers understand they’re taking a risk, if only because they’ve seen the health warning on cigarette packs; but bank clients, especially in poorer countries, are often clueless about money matters. Standard & Poor’s Global Financial Literacy Survey goes further than any of the previous research in examining the phenomenon throughout the world. It’s based on 150,000 interviews in more […]
-Analysis- NEW YORK — In the celebrated sci-fi comedy “The Hitchhiker’s Guide to the Galaxy,” a supercomputer determines that the answer to life, the Universe, and everything is the number 42. The really difficult task, however, is figuring out what the question was in the first place. Sometimes I feel like interest rate hikes are […]
The International Monetary Fund could be crucial providing aid in Ukraine and elsewhere, but much is on hold as the U.S. Congress blocks much needed IMF reforms.