The U.S. economy is actually a ‘wolf in sheep’s clothing,’ Wells Fargo says
The first-quarter GDP report showed so much deceleration and missed estimates by such a wide margin that stagflation fears are...
archiveeconomy
How China’s Economy Compares to the US
The American and Chinese economies bucked growth predictions in the first quarter of 2024.U.S. expansion slowed amid rising inflationary pressure,...
U.S. debt panic: Are Americans becoming more ‘European’ about money?
As U.S. citizens swiped their credit cards, took on bumper loans, and applied for mega-mortgages during the pandemic, the U.S....
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...
Why Britain’s packed prisons could ease the worklessness crisis
At the HM Prison Highpoint in rural Suffolk a group of inmates are busy fixing and assembling dummy train tracks...
Bank of America not bullish on Asian currencies, cites ‘chaotic era’
A Japanese 1,000 yen banknote sits on a pile of South Korean won banknotes for an arranged photograph at a...
Ill-discipline in the EU ranks could tear the euro apart
Yet nearly half of EU members breach at least one, or as in the case of France and Italy, both...
British banking has become a stagnant backwater – and it’s painfully obvious why
Of course, HSBC, which generates two-thirds of its profits in Asia, is a partial exception, although exposure to China is...
Shadow banking collapse would ‘put millions of jobs at risk’
Default rates are rising as businesses fail to refinance or repay their debts.Mr Benjamin said: “Private equity is particularly vulnerable...
Stagnant Britain is becoming like France, says World Bank chief economist
His ambition to cut taxes is predicated on a need to get welfare spending down and increase public sector productivity....
