The capital's €12 billion debt must be restructured to avoid defaulting, but the League and the Five Star movement are far apart on the issue.
In a grim picture of student-loan debt across the Bay Area, a study released Monday shows that the amount owed has tripled in the past 15 years while the default rate has doubled, hitting low-income communities hardest.
The financial condition of the government’s bedrock retirement programs for middle- and working-class Americans remains shaky, with Medicare pointed toward insolvency by 2026, according to a report Monday by the government’s overseers of Medicare and Social Security.
Options to fix the program could include increasing the payroll tax, raising the retirement age or modifying the formula that determines how people receive their benefits. Some 94% of workers participate in Social Security.
The BOJ has various means available to ease, such as cutting interest rates, boosting asset purchases and accelerating the pace of money printing, he said.
“The BOJ has actively taken various unconventional steps. We’ll continue to take steps as needed, including a combination of them, with an eye on their effects and side-effects,” Maeda said.
Rosenberg’s comments come on the heels of a new report from insolvency firm MNP Ltd., which revealed 48 per cent of Canadians are $200 or less away from financial insolvency, up from 46 per cent in the previous quarter. Those findings come even as the Bank of Canada has left its key interest rate on hold since October.
In Melbourne, apartment prices are expected to decrease 5 per cent this year and another 1.4 per cent in 2020.
Across the nation overall, Moody’s expects house prices in major cities to fall 7.7 per cent this year, while apartments will see a smaller 4.3 per cent decline, according to the ratings agency report.
This brings to mind a long-ago interview in which economist Nouriel Roubini asserted that China just makes its numbers up, frequently reporting GDP immediately after the end of the period being measured, something that even the US can’t do.
But it’s one thing to for the rest of us to suspect and/or assert that China is just giving the markets what they want to hear, and another thing to understand the implications and explain them coherently. Evans-Pritchard does this in his latest article.
“Trend” Yield for 2019 U.S. Corn Crop (newsbuoy)
Strong performances in previous seasons has the trade convinced that yields have made an upward paradigm shift regardless of when the crop gets in the ground.
Gold & Silver
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