In The News

Accelerating global growth is based on rising public and public debt. Economist Michael Heise counts such debt among the most serious challenges for the global economy. The Bank for International Settlements reports that total private and public debt of households, government agencies, corporations and other entities not in the financial sector – or non-financial debt – amounts to more than 240...

Trade flourished in Central Asia until shipping routes became faster and more affordable than the Silk Road’s land routes: “many Eurasian hubs floundered,” reports the Economist. The leaders of China and many governments expect that infrastructure investments of the Belt and Road Initiative could revive the region as transport routes. But the Economist questions if the flow of trade will be one...

The US Congress allowed a brief government shutdown before approving a two-year spending bill, and the US Treasury Department is on track to borrow almost $1 trillion this fiscal year, almost double from the previous year. The US is increasing spending after approving tax cuts that so far are reducing revenue. Asian markets are unnerved by the potential of rising interest rates and long-term US...