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Cory’s Chart Corner
Humans just repeat the same old themes decade after decade. Today there is far more debt to service, thus greater financial impact on spending. Ask Walmart's CEO if he's noticed any change in consumer behavior while the U.S 10 years hits 5%.
Don’t forget in April of 2007 10 year hit 5.3% and by October of 2008 they were 2%.
Daily Archives: December 17, 2018
Rajan on the three biggest problems in the Indian economy
India’s nearly 1.3 billion population is running a close second to China’s nearly 1.4 billion in terms of the world’s largest. Both economies averaged a fast 7% in annual GDP growth over the past decade and both are now weakening. … Continue reading
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Evaporating paper wealth hurting spending
What went up together on ‘easy money’ the world over, is now going down together. This was always the devil’s bargain made when policymakers chose to bail-out high indebtedness and speculative activites with even more debt and speculative activities. Nick … Continue reading
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