Secure Your Books
Jerome Powell and Wall Street are headed for another face-off this week as the Federal Reserve seeks to slow its inflation-fighting campaign without signaling a readiness to stop.
(Bloomberg) — Economic growth in China slowed significantly in 2022 from a year earlier as Covid-19 and the government’s response led to the second-weakest performance since the 1970s. While economists expect activity to pick up steam this year, China is contending with near record-low consumer confidence, a property market in the doldrums and a shrinking … Read more
Plentiful cheap labor, low energy and transportation costs and a generally peaceful era for geopolitics all helped turbocharge the globalization of supply chains and drive economic growth around the world in the decades after 1990. Whenever one of those pillars wobbled, there was cheap money to keep the party going, especially in the years after … Read more
Activists say their efforts to quiet India’s financial capital can show the way for other loud places.
China’s Covid Zero policy may be ending, but the world’s second-largest economy is going to look worse before it gets better.
China’s broad budget deficit hit a record so far this year as government revenue continued to shrink due to the slowing economy and Covid Zero policies.
(Bloomberg) — Central banks around the world must be steadfast in their inflation fight even though economies will suffer as a result, the OECD said this week. The organization boosted its 2023 inflation estimates and said it expects price increases the following year will remain above the targets set by many global central banks. While … Read more
(Bloomberg Opinion) — History may not repeat, but it certainly rhymes. Although the repercussions of the carnage in crypto markets won’t be as broad or dire as those of the 2008 financial crisis, the parallels between the two episodes offer insights into what went wrong, and what’s likely to come.
(Bloomberg) — A deeply divided US electorate delivers its verdict Tuesday on whether Democrats or Republicans have the right prescription to guide the nation through a bout of inflation, a looming recession and bitter splits on cultural and social issues. Voters will decide control of Congress as well as state capitals across the country, but … Read more
The same industries that are slowing now could snap back abruptly if the central bank eases up to soon, triggering a whole new round of overheating and tightening.