An escalating cold war between US and China would be a blow to global growth, IMF official says

businessinsider.com Pedro Pardo/AFP A brewing US-China cold war could drag global economic growth down as much as 7%, an IMF official said this week. The emergence of "connector" countries is…

Sam Altman doesn't think we are worried enough about how AI will impact the economy

aol.com None OpenAI CEO Sam Altman says AI's impact on the economy should be a top of mind concern. • None "I have a fear that we just won't take that one seriously enough going…

Consumers Regard the Cost of Money as Part of the Cost of Living

nakedcapitalism.com Lambert here: Larry Summers has risen from the grave (amusingly, all the graphic file names include “summers”). Interesting ideas, though. Who knew that mainstream…

A Warning For Washington From The 'Breakdown Nations'

zerohedge.com A Warning For Washington From The 'Breakdown Nations' Authored by Ruchir Sharma via FT, At a time when two big economies, the US and India, are attracting a lot of hype for…

U.S. and China trade divisions threaten a 'reversal' for global economy, IMF official warns

cnbc.com Differences between U.S.-led Western and China-aligned economic blocs threaten global trade cooperation and economic growth, a top official with the International Monetary…

The overlooked threats to the global financial system

financialpost.com Since the great financial crisis of 2007-08, regulators have engaged in the biggest push since the 1930s to de-risk the global financial system. Yet instability and flawed…

Scholars propose ‘painful’ industrial revamp to solve China’s overcapacity bind

scmp.com “Serious excess production will trigger painful restructuring and adjustment, eventually leading to a more mature and stable sector,” Lu said in an interview with the…

Former House Speaker Paul Ryan says he’s not voting for Trump : 'Character is too important'

aol.com Paul Ryan has no interest in giving Donald Trump another chance come November. The former House Speaker told Yahoo Finance on Tuesday that he doesn't plan to vote for the…

Opening Bell: 4.16.24

dealbreaker.com Investment Banking Bounceback Powers Big U.S. Lenders [WSJ]JPMorgan Chase, Bank of America, Citigroup, Wells Fargo, Goldman Sachs and Morgan Stanley all reported revenue and…

Livestream

milkeninstitute.org Looking for a session? Scroll down this page to find it. Looking for Program details? Find them here. Embark on an immersive journey with us as we present the 27th Annual…

News diary 6

pressgazette.co.uk A look ahead at the key events leading the news agenda next week, from the team at Foresight News. Leading the week Prince Harry makes a rare visit to the UK next week when…

Weekly Market Pulse: What Did He Say?

alhambrapartners.com Coming into last week’s FOMC meeting, Jerome Powell was expected to be hawkish. I know that because numerous articles in the financial press told me so which makes me wonder…

Global trade growth set to more than double this year

ft.com OECD, IMF and WTO all predict sharp rebound in global flows of products this year after 2023 slump

IMF chief Kristalina Georgieva calls U.S. debt load 'mind boggling'

latimes.com International Monetary Fund Managing Director Kristalina Georgieva, shown in 2021, warned at a conference in Beverly Hills on Monday that the United States’ current level of…

Warren Buffett predicts feds will raise taxes to get massive fiscal deficit under control

nypost.com Warren Buffett predicted that the federal government will raise taxes in order to get US deficit spending under control. “I think higher taxes are likely,” the billionaire…

Welcome to ‘the Tepid Twenties’? The US economy’s strength won’t be enough to boost global growth

cnn.com The global economy is at risk of stagnating in the coming years — and America’s robust economic strength may not be enough to save it. “Without a course correction, we are…

Fool’s Gold? Reviewing Gordon Brown’s Alleged Mistake

fisherinvestments.com Look, if you know me, you know I loathe pretty much all politicians, regardless of party or creed. The vast majority are self-interested, unprincipled, power-hungry leeches…

China and Japan: How Asia's top economies compare

newsweek.com Asia's two largest economies, China and Japan, present contrasting narratives heading into second quarter of 2024. China overtook Japan as the world's second-largest economy…

European populism

euronews.com Right-wing populist movements have gained significant traction across Europe in recent years, reshaping political landscapes and challenging established norms. These regimes…

Are the BRICS and Their New Development Bank Offering Alternatives to the World Bank, the IMF?

nakedcapitalism.com Yves here. This post takes stock of how far BRICS have gotten, and seem likely to get over the near and intermediate terms, with their various new currency and new monetary…

Peter Schiff is predicting the greenback will be 'down for the count' as the global reserve currency

aol.com We adhere to strict standards of editorial integrity to help you make decisions with confidence. Some or all links contained within this article are paid links. Veteran…

Pundit Makes Case for an XRP Rise to $1,000 Based on a $1T Cross-Border Payment Volume

thecryptobasic.com A recently surfaced sheet projects an XRP price increase to an audacious $1,000 value, factoring in a daily cross-border payment volume of $1 trillion. XRP’s utility in…

Tech titans love Modi's economic powerhouse India

businessinsider.com Indian Prime Minister Narendra Modi. Kevin Frayer/Getty The Indian economy has grown strongly under Narendra Modi, whose party is set to win another term. India's success…

Where are the debt vigilantes? Right now, they’re missing in action

theglobeandmail.com There is a puzzle in financial markets. At the heart of it is a simple question: Where the heck are the bond vigilantes? People of a certain age will remember the…

Transatlantic Decoupling?

konicz.info How is the United States managing to overtake the eurozone economically? And will this trend continue? The United States seems to be leaving the eurozone behind…

The Cold Hard Truth About Renewable Energy Adoption

zerohedge.com The Cold Hard Truth About Renewable Energy Adoption Authored by Haley Zaremba via oilprice.com, The future of the global energy sector is caught up in a messy and misleading…

How to protect global free trade from misguided US nationalism

scmp.com The move towards free trade has been a catalyst for many countries to increase export income, reduce poverty and raise living standards. The Asian manufacturing export model…

AI boom in Silicon Valley is going to worsen the housing problem, says CEO of billionaire-backed company trying to build a new city near San Francisco

aol.com None Jan Sramek, CEO of California Forever, wants to build a new city in Solano County, California. • None He said he hopes to provide more affordable housing with the new…

The End of Magical Debt Thinking

project-syndicate.org CAMBRIDGE – For over a decade, numerous economists – primarily but not exclusively on the left – have argued that the potential benefits of using debt to finance government…

Russia's economy on course to hit historic low

newsweek.com The Russian economy's share of global gross domestic product is expected to decline over President Vladimir Putin's fifth presidential term to reach its lowest level since…

Tokenized Private-Credit Platform Untangled Opens Its First USDC Lending Pool on Celo

coindesk.com None The private credit pool capped at $6 million USDC at the start was structured under Luxembourg securitization regulation and is open for accredited investors. • None…

The $34 trillion U.S. debt is nearly as big as the economy and there’s (still) no plan to fix it

finance.yahoo.com The nation’s debt, currently over $34 trillion, is rampantly growing as U.S. lawmakers have been unable to agree to long-term budget reforms that could tame it. Officials…

OECD forecasts will be blow to Sunak and Hunt’s claims UK economy is improving

theguardian.com A lack of skilled workers in the country is pushing up UK wages. The dearth of affordable housing has seen landlords put up rent by 9% in a single year, weighing on…

A dip in gold prices is a buying opportunity

investing.com The World Gold Council (WGC) released its long-awaited Q1 2024 Demand Trends report, which aligned with views that central banks have sustained their purchasing spree…

Can the IMF solve the poor world’s debt crisis?

economist.com It is now four years since the first poor countries were plunged into default because of spiralling costs from covid-19 spending and investors pulling capital from risky…

UK economic outlook has worsened, warns OECD

theguardian.com The UK’s economic outlook has worsened this year as high interest rates and the lingering effects of last year’s surge in inflation take a bigger toll on growth than…

IMF and Bitcoin, the Metaverse, Cold Storage, Crypto Taxes & More: aantonop Q&A January 2022

youtube.com In this livestream, Andreas talks about the IMF and El Salvador, the IMF and Bitcoin, and what it means for a country to adopt ...

Kenya Looks to Secure IMF Funding

youtube.com Bloomberg News' Ondiro Oganga discusses Kenya's IMF funding and heavy flooding in Mali with Vonnie Quinn on Bloomberg ...

Higher interest rates make government debt unviable as an economic solution

theguardian.com For more than a decade, numerous economists – primarily but not exclusively on the left – have argued that the potential benefits of using debt to finance government…

India's 8.5% growth rate has some 'fluff,' former central bank chief Raghuram Rajan says

cnbc.com There is some 'fluff' in India's economic growth rate, according to former Reserve Bank of India Governor Raghuram Rajan. This isn't a reflection of "pessimism" as "even…

The $34 trillion U.S debt is nearly as big as its own economy and there’s (still) no plan to fix it

fortune.com The nation’s debt, currently over $34 trillion, is rampantly growing as U.S. lawmakers have been unable to agree to long-term budget reforms that could tame it. Officials…

US Growth to Lap G7 Peers, IMF Predicts

thedailyupside.com The informal grouping of seven advanced economies known as the G7 has one clear standout in the eyes of the International Monetary Fund. On Tuesday, the United Nations…

Unification Of CBDCs? Global Banks Are Telling Us The End Of The Dollar System Is Near

zerohedge.com Unification Of CBDCs? Global Banks Are Telling Us The End Of The Dollar System Is Near Authored by Brandon Smith via Alt-Market.us, World reserve status allows for amazing…

Bill comes due for money-losing tech companies that borrowed billions

semafor.com The Scene Money-losing tech companies borrowed billions of dollars against the promise of runaway growth from lenders with looser standards. The bill is now coming due.…

Euro zone economy rebounds in first quarter from mild recession as inflation steadies

theglobeandmail.com The euro zone economy rebounded in the first quarter from a mild recession as Germany returned to growth and expansion accelerated elsewhere, while inflation steadied to…

Euro-Zone Speeds Out of Recession But Inflation Proves Sticky

finance.yahoo.com The euro zone exited recession as its four top economies drove much speedier growth than expected, though the recent retreat in inflation stalled. • None HSBC CEO Quinn…

Instead Of Taking Jobs, Microsoft CEO Satya Nadella Says, 'AI Will Help Increase Wages' As Employees Can Provide More Expertise

benzinga.com Microsoft Corp. MSFT CEO Satya Nadella shared his optimistic perspective on the impact artificial intelligence (AI) will have on the workforce during a recent visit to…

US is losing its 'soft power' edge to China in Africa

semafor.com The News Washington’s influence on the African continent is waning — and it is being edged out by Beijing, new polling from Gallup shows. The US and China are racing to…

Asia-Pacific Economies' Resilience Spurs IMF Forecast Upgrade

wsj.com Asia-Pacific economies seem to be weathering the impact of high interest rates, weak global demand and other headwinds rather well, the IMF says as it upgrades its growth…

Weekly Market Pulse: Be Careful What You Wish For

alhambrapartners.com Shinzo Abe was elected to a second term as Japanese Prime Minister in 2012 and launched his three arrows plan to revive the Japanese economy. The three arrows were: The…

IMF chief warns of emerging market risk with high U.S. interest rates

cnbc.com International Monetary Fund (IMF) Managing Director Kristalina Georgieva speaks during a briefing on the Global Policy Agenda at IMF headquarters during the IMF/World Bank…

IMF warns surge in US, China debt could have ‘profound’ impact on global economy

livemint.com The U.S. and Chinese governments should take action to lower future borrowing, as a surge in their debts threatens to have “profound" effects on the global economy and the…

IMF boosts Asia growth forecast this year on China, India prospects

japantimes.co.jp The International Monetary Fund boosted its growth forecast for Asia this year, reflecting a rosier outlook for the region’s two largest economies and flagging a possible…

IMF warns of China overcapacity amid improved economic outlook

asia.nikkei.com TOKYO -- China's economic performance has been better than expected this year, but overcapacity in its manufacturing sector is among the key risks that continue to weigh on…

IMF raises its Asia growth forecast for 2024, highlights India's growth and China stimulus as key drivers

cnbc.com The International Monetary Fund raised its Asia growth forecast for 2024 on Tuesday, as it remained optimistic about India's growth and focused on the need for more stimulus…

Currency: What’s Happening With The US Dollar & Pakistani Rupee?

watcher.guru The US dollar has been ferociously taking over the market with its current price pace and momentum with the Pakistani Rupee. Despite being pressed under gargantuan debt and…

IMF approves immediate release of final $1.1 billion tranche of $3 billion bailout to Pakistan

seattletimes.com The IMF says it will immediately release the final $1.1 billion tranche of a $3 billion bailout to Pakistan.