Treasury Secretary Janet Yellen said Saturday the world’s transition to a low-carbon economy requires $3 trillion in new investment annually through 2050, and that filling the financing gap to reach that level of funding represents the […]
Pierre Aury warns there is a financial crisis looming that would make 2008 look like ‘a seaside picnic on a beautiful spring day’ In our last column we said that shipping is not an adiabatic […]
We don’t even want to know what debt-to-GDP looks like in the next recession when it’ll get hit by a double-whammy. By Wolf Richter for WOLF STREET. The US national debt – the total amount of Treasury securities […]
Gov. Inslee’s program imposes increasingly draconian caps on carbon emissions, and then spends the money on inefficient green projects. Progressive leftists have enjoyed some media success in branding anyone who doubts that humans are causing […]
OPINION: Profligate government spending has institutionalized multitrillion-dollar annual deficits, which have driven up interest rates and left Treasury markets teetering on the edge. Now Japan is on the verge of a $400 billion fire sale of U.S. […]
Emerging Asian economies now account for nearly half of the world’s economic growth. Economic Uncertainty China and India now account for nearly half of the world’s economic growth, the International Monetary Fund (IMF) reported on […]
Projection is blaming someone else for your own bad behavior. We saw a classic case of projection in Thursday’s presidential debate, when President Biden—who is overseeing annual budget deficits of $2 trillion—asserted that his predecessor, Donald Trump, […]
Zambia’s central bank has introduced regulations to strengthen the kwacha and curb dollarization The Bank of Zambia has drafted new rules aimed at curbing the use of foreign currencies in local transactions, particularly the US […]
ENB Pub Note: It is very sad when the IMF gives this kind of elementary advice to the United States. It means things must be REALLY bad. The International Monetary Fund (IMF) has criticized Washington […]
As China dumps Treasury securities, the Euro Area, Canada, and financial centers load up with immense appetite. By Wolf Richter for WOLF STREET. The question that’s on everyone’s mind is how long foreign investors will continue to support […]
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