Stay updated with breaking news from Asset Bubbles. Get real-time updates on events, politics, business, and more. Visit us for reliable news and exclusive interviews.
American Rescue Plan: China worried about economic impact of Joe Biden’s US$1.9 trillion coronavirus bailout US President Joe Biden’s US$1.9 trillion American Rescue Plan received final approval from the US Congress on Wednesday It was signed into legislation on Thursday, but concerns have been raised about its potential to cause further financial market turmoil
Hong Kong stocks dropped, erasing earlier gains as China’s financial markets regulator expressed concerns about asset bubbles and old-economy stocks declined on concern an overhaul of the benchmark will diminish their presence in key indices tracked by global funds. The Hang Seng Index lost 1.2 per cent to 29,095.86 at the close on Tuesday, erasing an intraday gain of as much as 1.1 per cent. AIA Group and China Mobile retreated more than 2 per cent. The Shanghai Composite Index fell 1.2 per cent as Kweichow Moutai, the world’s most valuable distiller, tumbled more than 4 per cen...
Overleveraging of corporate america. the reason why the fed needs to unwind its balance sheet and raise short term interest rates is because a, the economy is improving and number 2, you could have asset bubbles. we should not be incentivizing corporations and individuals, mainly corporations because they went on a debt binge to borrow more. >> neil: he's not worried about that. are you? >> i think what has changed in the last six weeks is what happened at general electric. in the blink of an eye, nobody cared that it was trading south of $10. when their bonds went to 80 cents on the dollar an...
Technology-related solutions. and all of a sudden, an entire industry sells off. health care was by far the biggest drag, not just on the dow, but also on the s&p 500 overall. so as some of these health care insurers and pharmacy benefit managers and drug stocks took a big beating today, we'll see if in early trading they can recover some of those losses. the dow and s&p have a long ways to go to get back the total loss in two days. >> but the fact that this deal is still so speculative, and we don't know any details, and we see the market take such a hit, does that not illustrate how sensitiv...
Essentially the adult age, you know, go from 1970 to 2000 as r as with boomers as adults, boomers helping to run and drive the economy on paper, pretty good for the american economy? quite the expansion of wealth. >> well i don't agree. and the way which i don't agree is that economic growth from the 1980s to 2000 was actually somewhat slower on a per capita basis than in the 1970s which were regarded by then a horror show which they never recovered apparently. and they were nowhere near as good as the 40s, 50s, and '60s, and how that growth was achieved was not sustainable. so all depended on...