Why China’s Stock Market Is Losing Its Shine
China’s stock market was once the darling of Wall Street, with investors betting on a speedy recovery from the pandemic and a booming economy. But after a $1.5 trillion rout that wiped out almost 20% of its value, the outlook has turned gloomy. In this blog post, we’ll explore some of the reasons behind China’s […]
India’s Currency Dove urges slow hikes as rates approach neutrality
A dove of Indian monetary policy signals. It is time to abandon the aggressive pace of increases in borrowing costs. It says the inflation-adjusted real interest rate is approaching neutral ground. As a result, it will reach a level where it can help control inflation without stifling economic growth. Sticking to larger increases instead carries […]
The UK is closing in on the inflation rate with double digits
UK inflation likely hit a new four-decade high above 9% in May. Underscoring the challenge for the Bank of England as it threatens faster interest rate hikes in response. A week after rising U.S. consumer prices prompted the Federal Reserve’s accelerated 75 basis point rise. That amid spasms in global financial markets. The British data […]
The Fed’s GDP tracker shows the economy could be on the brink of a recession
A widely followed Federal Reserve indicator indicates the U.S. economy. The Fed’s GDP tracker shows the economy could be on the brink of a recession. The U.S. economy heading for a second consecutive quarter of negative growth, meeting a general definition of a recession. In recent updates, the Atlanta Fed’s GDPNow tracker now points to […]
The US economy is going into the toilet
JPMorgan Chase CEO Jamie Daman says an economic hurricane is coming. It seems like the US economy is going into the toilet. Tesla’s Elon Musk says he has a very bad feeling about the decline. Companies are reducing their earnings forecasts. Oh, and we’re in the midst of an energy and inflation crisis, and stocks […]