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Boom Bust

  • © Stringer Australia
    It’s been a sluggish second quarter of growth for Australia at only 0.2% – about half the rate economists had expected. Ameera David weighs in. Ameera then sits down with Marshall Auerback – research associate at the Levy Economics...
  • The Boom Bust cycle is as old as Western banking itself. Each day at 4:30 pm EST Erin Ade breaks through the mainstream headlines to find the stories that matter, and help you navigate the Booms and the Busts.
  • © Stringer Australia
    Australia’s declining growth worrying
    It’s been a sluggish second quarter of growth for Australia at only 0.2% – about half the rate economists had expected. Ameera David weighs in. Ameera then sits down with Marshall Auerback – research associate at the Levy Economics...
  • © Aly Song
    China slowdown, Canada recession, market mess
    World stocks took a tumble on Tuesday as activity in China’s manufacturing sector contracted at its fastest pace in three years. The official Purchasing Managers’ Index fell to 49.7 in August from the previous month’s reading of...
  • © Lucas Jackson
    Markets fall. Will investors get more cowbell?
    From a macro policy perspective, central banks are the only game in town right now. Sure, at the depths of the Great Financial Crisis in 2009, we saw fiscal policy, credit write-downs, and bank recaps. But this was only because it was necessary....
  • © Laszlo Balogh
    Ukraine secures debt relief deal
    After FIVE months of talks, Ukraine HAS agreed to a RESTRUCTURING deal with creditors. According to the finance ministry, private creditors WILL accept a twenty percent write-down on the FACE value of their Ukrainian bonds. The deal covers bonds...
  • © Yuya Shino
    US problems are ‘homegrown,’ China is not the problem
    In the first half of this year, global trade contracted at a rate not seen since the financial crisis according to new data out of the Netherlands Bureau for Economic Policy Analysis, which oversees the World Trade Monitor. Economists at the Bureau...
  • © Jason Lee
    China no longer engine of global growth
    On Tuesday, it was another large fall in Chinese shares as The Shanghai Composite index tumbled 7.6 percent. In an effort to stop the bleeding, the People’s Bank of China cut interest rates for the fifth time since November. The central bank...
  • © Brendan McDermid
    Black Monday hits China and spreads contagion globally
    The Monday Meltdown on global markets entered a new day of worldwide selloffs, extending last week’s downward plunge. Triggering the jitters was a sharp selloff in Chinese shares that wiped out gains for the year as the Shanghai composite saw...
  • © Jonathan Alcorn
    Stocks melt down as oil outlook crumbles
    On Friday, oil broke $40/barrel for the first time since 2009. The oil price decline gained momentum earlier this week after the Energy Information Administration reported a larger than expected build in crude inventories last week. Ameera David...
  • © Alkis Konstantinidis
    Greek PM resigns & Chovanec on China
    Greek Prime Minister Alexis Tsipras has resigned and called for an early election. On Thursday, he submitted his resignation to the president and asked for the earliest possible election date – now set for September 20. Meanwhile, turmoil in...
  • © Tony Gentile
    Christensen on euro flaw as Germany approves 3rd Greek bailout
    Greece’s new €86-billion bailout plan got the green light. On Wednesday, the package won overwhelming approval from German lawmakers after a three-hour debate. In total, 453 lawmakers voted in favor of the measures, 113 voted against, and...