The head of the World Health Organization made his strongest comments yet about the devastation being caused by long COVID and urged world leaders to launch immediate and “sustained” efforts Read more
Tag: Crisis
Global economy most vulnerable since COVID crisis, with housing market at potential ‘tipping point,’ IMF warns
Economies across the world face a constellation of risks that put the global financial system in a riskier position than at any point since the COVID-19 crisis of 2020, according Read more
Bernanke says Fed shouldn’t use interest rates to ‘fine-tune’ financial stability risks
The Federal Reserve shouldn’t use its interest-rate policy to “fine-tune” financial stability risks, said former Fed Chairman Ben Bernanke on Monday. Speaking to reporters at the Brookings Institution after he Read more
The practical impact of Bernanke’s Nobel-prize research? It’s why economists think U.S. might escape with a mild recession this time
Want to understand the impact of Fed Chairman Ben Bernanke’s research that won him and two colleagues a Nobel Prize? It is why economists think the next recession could be Read more
Cracks in financial markets fuel debate on whether the next crisis is inevitable
To paraphrase a quote by legendary investor Warren Buffett: It’s only when the tide goes out that you discover who’s been swimming without a suit. In this case, the metaphorical Read more
Opinion: Stock markets will drop another 40% as a severe stagflationary debt crisis hits an overleveraged global economy
NEW YORK (Project Syndicate)—For a year now, I have argued that the increase in inflation would be persistent, that its causes include not only bad policies but also negative supply shocks, and that central Read more
Bond-market volatility touches one of highest levels since 2007-2009 financial crisis and recession
Volatility in the ordinarily sedate world of bonds climbed this week to one of the highest levels since the 2007-2009 financial crisis and recession. The ICE BofA MOVE Index, which Read more
Mark Mobius: ‘Disastrous’ Brexit decision is hurting the UK during pound crisis
Emerging markets veteran Mark Mobius says the UK is now feeling the “disastrous” effects of its vote to leave the EU, and the Bank of England needs to get a grip on the Read more
Gilt yields jump to highest since 2008 crisis after IMF hits out at U.K. budget
U.K. bond yields surged to fresh 14-year highs after the International Monetary Fund criticized the government’s proposed £45 billion of debt-funded tax cuts and the Bank of England inferred it Read more
Opinion: Russia’s invasion has been very profitable for the IMF, which is gouging Ukraine and other countries in crisis
It has now been six months since Russia, in an outrageous act of aggression, launched its brutal and unprovoked full-scale invasion of my country. In that period, while much of Read more