Western debt killed Sri Lanka. Others will fall too.
Tag: Credit and Debt
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In an Unequal Economy, the Poor Face Inflation Now and Job Loss Later
Americans with low incomes are pulling back from buying even as their richer counterparts keep spending — with potentially big consequences.
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The Companies That Take Money Straight From Your Paycheck
Some lenders and retailers have a pretty neat business model: You pay them before your wages ever hit your bank account. And sometimes they give you no choice.
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If the Economy Is Shaky, Why Are Company Profits Still Strong?
Corporate optimism may seem at odds with the Fed’s grim determination to hold back the economy to get inflation down, but earnings tell a story that other data doesn’t.
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Where China Is Changing Its Diplomatic Ways (at Least a Little)
As relations with the U.S. and Europe plummet, Beijing is beginning a new wave of diplomacy in Africa, where it dominates trade with resource-rich nations.