If you listen carefully, you can hear air escaping the credit bubble in China. While the bubble is still expanding, rising non-performing loans (NPLs), rising inflation and interest [...]
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Is the Greek economy on a recovery path? You would not know by looking at equity valuations. Greece, whose GDP contraction began in 2008, has depended on lenders [...]
Declining federal and state tax revenues raise many doubts. Everyone knows that US corporate profits have been declining in recent quarters and supposedly had a rebound in the [...]