Chinese youth may have more to worry about than their social credit score. According to the Wall Street Journal, China's younger generations are loading up on debt like drunken sailors.
The topic of this year's Jackson Hole was, in not so many words, the fading power of central banks which for the past decade, had been the only game in town.
Foreign businesses in China are ill-prepared for the tough sanctions and constant surveillance demanded by a social credit system to be rolled out this year, a European business group warned Wednesday.
As the world edges closer to the next crisis, today the man who has become legendary for his predictions on QE and historic moves in currencies just warned that the world is minutes from collapse as panic across the globe intensifies.
August 25, 2019 - As the world edges closer to the next crisis, today the man who has become legendary for his predictions on QE and historic moves in currencies just warned that the world is minutes from collapse as panic across the globe intensifie
White House says Donald Trump did not intend to say he's having 'second thoughts' on his China trade war and only 'regrets not raising the tariffs higher'
The problem is the global political economic environment doesn't build confidence that politicians will act rationally. Facts and multilateral institutions' views carry less weight in an era when major Western nations are retreating from the neo
Only the France-based International Agency for Cancer Research (IARC), says otherwise ??" and it based its conclusions on just eight studies. Even worse, IARC manipulated at least some of these studies to get the results it wanted. Subsequent rev
Despite interest rates having bounced (albeit very modestly) in the last few days, prompting shrieks of "the lows for yields are in" once again, and hyped-up belief that 'There Is No Alternative' to dumping bonds and buying stocks at record highs...
It's bad enough that drought-like conditions and rapid population growth have stoked a shortage of water and other vital resources in Ghana, a country that boasts one of the fastest growing economies on Earth (if it is still poor). But a banking cris
While the markets will likely react positively next week to the news that 'talks will continue,' the impact of existing tariffs from both the U.S. and China continue to weigh on domestic firms and consumers.
It has been a thesis over 20 years in the making, but with every passing day, SocGen's Albert Edwards - who first coined the term "Ice Age" to describe the state of the world in which every debt issue ends up with a negative yield as capital markets
In reaction to the deteriorating global economic outlook and rising risks to the world economy, central banks around the world have unleashed a coordinated dovish effort to boost growth.
The gold market took a one-two punch on Tuesday as Trump made some concessions in the trade war and inflation numbers came in a bit higher than expected. Peter Schiff talked about it in his latest podcast, saying gold traders still don't understand
world economies - Responding to the crushing primary defeat for Argentina's US-supported neoliberal Macri regime, signaling the likely end of his tenure and a decisive shift to the left in the October presidential election, the nation's stock market
Yesterday, in the immediate aftermath of the historic collapse of all Argentine assets, coupled with the record plunge in the Argentine Peso which only added to the USD-denominated pain of those who were unlucky enough to be long Argentina stocks and
Global Credibility Under Pressure - We've been Tangoed!
This morning's headlines are screaming how Argentina and President Mauricio Macri have precipitated yet another crisis on the stressed geopolitical battlefront… Relax. We are more th
Australia's housing market is at risk of imploding. A decade of lowering interest rates to 1% and printing money to drive up home prices has led to dangerous imbalances in real estate markets across the country - that will soon be corrected.
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