Many large U.S. cities are in deep financial trouble. Here’s why
Truth in Accounting estimates that 53 of the largest cities in the U.S. were not generating enough revenue to pay...
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U.S. dollar modestly higher as sticky inflation persists, yen hits 34-year low
Thursday's data showed the producer price index (PPI) rose 0.2% month-on-month in March, compared with an 0.3% increase expected by...
NAB chief economist Alan Oster’s chilling warning for mortgage-holders in Australia
NAB has increased its fixed term rates just hours after its chief economist issued a chilling warning of another interest...
Opinion: The debt supercycle that hit the U.S. and Europe has now come for China
The 2008 financial crisis in the United States kicked off a debt supercycle, which spread to Europe in 2010 and has...
The problem with the UK’s economic recovery
Markets have been too negative on global economic prospects but the UK could be a laggard when it comes to a recovery, economists and investors have suggested.Steven Bell, chief economist at Columbia Threadneedle, said consumer confidence had been very low in Europe and the UK due to concerns about the impact of higher energy costs, but could rise over the year - albeit more swiftly on the continent than in the domestic UK market.According to Bell, energy subsidies mean the issue has not had as profoundly negative an impact as originally feared. Therefore,...
Economist Who Predicted The 2008 Financial Crisis Thinks US Banking Crisis Not Over
Nearly a month after the sudden collapse of California-based Silicon Valley Bank, which was followed by Switzerland’s second-biggest bank Credit...
Reserve Bank hikes Official Cash Rate to 5.25 per cent
The Reserve Bank’s higher-than-expected Official Cash Rate hike “will push New Zealand into recession”, an economist says.The bank today lifted...
What next for UK equities?
Actively managed equity funds failed to perform relative to passive mandates in 2022 according to Morningstar, but the tide could be about to turn, according to that company’s European chief investment officer Mike Coop.Coop says 2022 was driven by two "generational events", the first being the end of the low interest rates era when Russia invaded Ukraine, and the second being the end of the innovation bubble in investment markets.But while he feels those are events of unusual significance in investment markets, he feels investors can learn lessons from recent history. He...
Bank of England’s chief economist admits UK economy is currently ‘stronger than anticipated’
Bank of England analyst says the UK economy is doing better than expectedHuw Pill said private sector pay growth has...
