It’s not only Chinese tourists, business travelers, and property buyers who’re not showing up, but also travelers from all over the world who’ve gotten second thoughts about sitting on a plane.
Is this the black-swan event people have been predicting for years?
Student enrollment has dropped 11% since 2011 while student-loan balances have surged 74%. Why?
Even as the Fed floods the market with $400 billion in four months, with stocks at record highs, and reality pooh-pooed as irrelevant. What’s different this time?
Amazon takes over the last mile and everything else.
An arcane device that impacts so much.
These are the good times, but why are subprime credit cards, auto loans, and short-term installment loans blowing out?
The fear that today’s negative or low interest rates render central banks helpless in face of the next economic crisis.
Even the upper middle class loses share of household wealth to the 1%. The bottom half gets screwed.
Whose Bets are Getting Bailed Out by the Fed’s Repos & Treasury Bill Purchases?