The sick man of Europe – now it’s out
British magazine The Economist wondered if Germany’s economy is sick. The artwork is also impressive, we might add. The symptoms, according to the magazine, are as follows: ▪️ Europe’s largest…
US mortgage rates jump to 7.09%, highest since 2002
The average rate on a 30-year fixed-rate loan was 7.09%, up from 6.96% last week and the highest since April 2002. Recent increases in credit costs and home prices caused…
China’s hidden financial dangers emerge in shadow banking crisis
Until a week ago, Zhongzhi Enterprise Group was little noticed in China and barely mentioned elsewhere. Shadow banking giant Zhongzhi – a private management company with more than $137 billion…
Malaysia struggles to grow due to El Niño
Malaysia’s economic growth in the second quarter was the lowest in nearly two years due to falling exports and a slowing global economy, prompting the country’s central bank to warn…