America’s Coming Crash
Will Washington’s debt addiction spark the next global crisis? Read More Here
Tag: debt
Chinese researchers concerned over US debt as Beijing limits exposure
As Washington’s debt burden sets records, worries grow over the viability of US dollar assets – reflected in China’s Treasuries holdings. Read More Here
Trump may meet Xi in China as soon as April
US president expressed hope for China’s leader to visit Mar-a-Lago but China seeks more formal setting in Beijing or Washington. Read More Here Also Read: As Tariff Chaos Reigns, What Is Trump Actually Trying to Do?
China Faces a Long Road to De-dollarization
Any de-dollarization process must account for the fact that countries and business actors will still issue debt securities, bonds, and other instruments in dollar form to meet their capital needs, both regular and emergency, owing to the volume and liquidity provided by the “flexible capital account” standard of the United States. Read More Here
Rethinking Foreign Funding for Africa
African countries’ large and growing debt burdens have become a major obstacle to poverty reduction. Western countries must stop exacerbating the continent’s problems and offer debt relief by substituting grants for loans and forcing private lenders to settle sovereign-debt disputes in borrower-country courts. Read More Here
Sri Lanka’s People Need a New Debt Deal
Sri Lanka’s new president, Anura Kumara Dissanayake, must reject his predecessor’s recent debt-restructuring deal with bondholders. That agreement would inflict unnecessary pain on Sri Lanka’s population and set a dangerous precedent, undermining other developing economies’ ability to restructure their foreign debts. Read More Here
America’s Greatest Enemy Isn’t China or Russia: Its $35 Trillion In Debt
With a $1.6 trillion deficit this year, $35 trillion in overall debt, and $1 trillion in interest payments this year, if the U.S. dollar is no longer the primary global reserve currency and there is suddenly a true rival to the U.S. currency, then the entire American financial system comes crashing down. Read More Here
As Belt and Road Forum Convenes, Time to Rethink Narratives on China’s Economic Coercion
The problem with all this focus on Chinese economic coercion, and the related anxieties about its ability to weaponize trade, is that China hasn’t been particularly good at it. Read More Here
China’s Economic Data Breakdowns Show Signs of Life
Economists say alternative high-frequency data points – from subway ridership to commodity prices – suggest parts of China’s economy are functioning well. Read More Here
Sri Lanka’s Dangerous Domestic Debt Restructuring
The recent bailout agreement between the International Monetary Fund and Sri Lanka fails to address the economy’s structural problems. Instead, it focuses on highly regressive measures that disproportionately affect the working poor and are likely to exacerbate the country’s ongoing debt distress. Read More Here
looking beyond borders 