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Economy

“Addiction to debt has left the global economy one shock away from disaster”

https://finance.yahoo.com/news/addiction-debt-left-global-economy-120000094.html This article is more of an opinion piece without much hard data so I’ll just comment on the headline instead of quoting the article. This economy is going down. Everyone can see it. Everyone knows it. It’s only a… Continue Reading…

Banking, Economy

“Milei to Send ‘Shock’ Package to Argentina’s Congress on Day One”

“…“This is urgent,” he said in an interview broadcast Sunday by LN+ TV, adding that Argentina can’t wait for the usual start of congressional sessions in March. “Solving the central bank’s problems as soon as possible” and “halting monetary emission”… Continue Reading…

Economy, Real Estate

“Manhattan renters face sticker shock with average rent at $5,200”

“Manhattan rents rose 2% in November, dashing hopes that prices would cool and forcing many renters to give up their leases or downsize, according to brokers. The median rent for a Manhattan apartment in November hit $4,033, up from $3,964… Continue Reading…

Economy

“A “recession shock” is coming, BofA warns”

“The macro-economic picture is deteriorating fast and could push the U.S. economy into recession as the Federal Reserve tightens its monetary policy to tame surging inflation, BofA strategists warned in a weekly research note. “‘Inflation shock’ worsening, ‘rates shock’ just… Continue Reading…

Economy

“Europe’s stagnant economy is vulnerable to a shock from China”

“Recession fears are stalking Europe again after Germany’s economy flatlined at the end of 2019. The coronavirus now threatens to slam exports to China. The German economy did not grow in the final three months of last year, setting up… Continue Reading…