Monthly Archives: September 2012

China’s Bad Debt Problem

Reuters out today with a must read piece on China’s deteriorating commercial bank loans to the country’s steel sector, which now has a total debt burden of $400 billion, about the size of South Africa’s economy. Could this be one … Continue reading

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Week in Review

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Global Trend Indicators

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Fed Ready to Fire Up the Printing Press

As we assess the benefits and costs of alternative policy approaches, though, we must not lose sight of the daunting economic challenges that confront our nation. The stagnation of the labor market in particular is a grave concern not only … Continue reading

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