John Plender News Today

The Congressional Budget Office has predicted that the total US debt burden will go above 100 percent of GDP next year and reach 116 percent by 2034.

NAV loans and other fancy tactics do not seem to be persuading limited partners that private equity general partners deserve their money.

The change in circumstances is dramatic after decades of triumphalist money making

The reality is that nothing in fixed-income markets is ever risk-free

UBI devalues work, diminishes aspiration and ignores the progressive potential of automation.

The immediate storm set off by the SVB collapse may have passed following another bailout, but questions are being raised about whether this was just a passing phenomenon or the sign of much worse to come.

Trade unions came under severe pressure and their membership plummeted. In 1991, there was the collapse of the USSR and Eastern Europe

US stocks suffer worst year since financial crisis. Stock and bond markets shed more than $30tn in brutal 2022.

The most significant shift in the economic and financial landscape has been the development of global inflation to the highest level in four decades and the response of central banks led by the US Federal Reserve.

The S&P500 slipped 0.2% (down 19.3% y-t-d), while the Dow increased 0.9% (down 8.6%). Three-month Treasury bill rates ended the week at 4.1825%