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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%.
Author Archives: Danielle Park
More Panama Paper revelations, still no corrective action
The 2016 Panama Papers leak to world media revealed the widespread use of offshore accounts to avoid tax collection from many of the world’s wealthiest and most privileged people. Of course, most have been greatly aided in accumulating said wealth … Continue reading
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Extreme wealth gaps are bad for economic stability
Just the facts… There’s a deeper, systemic problem in our economy that’s just as perilous as the looming debt default — and no one is talking about it. pic.twitter.com/a2HBWrTaoF — Robert Reich (@RBReich) October 4, 2021
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NBER paper considers Peak China Housing
This Time is Different co-author, and Harvard Professor Ken Rogoff has co-authored an illuminating paper for the National Bureau of Economic Research (NBER) that estimates the downside risk that China’s over-built, over-leveraged property sector poses its economy. They conclude that … Continue reading
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