• China Moves to Shore Up Economy as Slowdown and Trade Fight Loom

    5 monthes ago - By NY Times

    The country's central bank freed up more than $100 billion for lending as Beijing tries to sustain growth without worsening debt problems.
    Read more ...

     

  • The bank for central banks is blaring the siren on a new debt crisis that could cause a long and painful recession

    The bank for central banks is blaring the siren on a new debt crisis that could cause a long and painful recession

    5 monthes ago - By Business Insider

    The Bank for International Settlements , nicknamed the bank for central bankers, said in a report that the ballooning levels of public and private debt are creating a 'trap' that would be hard to escape.
    Although higher leverage can boost growth in the short run, it comes at the cost of deeper and longer recessions down the road, the BIS said in its 2018 annual economic report.
    It identified specific pockets of the market that leverage has made vulnerable, including the US commercial-real-estate market.
    Ten years after a credit crisis drowned the global economy, central bankers are worried...
    Read more ...