New research has found Australians are increasingly using buy now,pay later products for their essentials.
The Federal Reserve Board has warned of a tightening supply of credit that could undermine global growth and send asset prices lower around the world.
There’s $13.5 trillion uninsured deposits in the US banking system. Such deposits can vanish in an afternoon in the cyber age.
China’s financial stresses are bubbling to the surface,with a heavy-handed response by the authorities to protests at the weekend by bank depositors whose funds have been frozen since April.
The Fed didn’t just raise US interest rates with its biggest hike since 1994. It also made another move that is set to put vulnerable markets under more stress.
There’s something quite perverse and disconcerting about seeing banks and other institutions flooding into the riskiest segment of debt markets as investors elsewhere start to head for the exits.
China’s change to its monetary policy has raised questions about just how concerned it is about its slowing economy.
The Prime Minister’s form of managing major problems is to hope the media moves on and then call several inquiries if that doesn’t work.
There has been a spate of Chinese companies defaulting on their bond repayments in the past few weeks,sending anxious ripples through the market and raising fears about a credit crisis.
Seven points about recession and why Scott Morrison’s treatment of the unemployed is much more benevolent.
The coronavirus could finally drive a stake through the heart of the over-leveraged zombie companies that were kept alive on a diet of cheap and plentiful credit following the GFC.