Markets / Economy
Economist – Cash-strapped pensioners: America has a retirement problem, not a saving problem 4/18
Finance
WSJ – The Risk of Rising Consumer Borrowing – Aaron Back 4/17
China
- “The risk of the China property bubble bursting and impacting the macroeconomic environment ‘has become more pronounced,’ Moody’s analysis observes. In fact, if a property bubble does burst, its impact would be more diffuse, impacting not only the supply chain as it has in the past, but more significantly the banking system and consumer wealth effect.”
- “The impact of home ownership on household wealth has been on the rise. In 2013, it represented 62.3% of all Chinese personal wealth and has steadily risen since. In 2015 it was 65.3% and in 2016 it grew to 68.8% of all wealth in the Asian nation.”
WSJ – The Danger in China’s Dual Debt Cycle – Anjani Trivedi 4/18