We Face Recession Without Shock Absorbers As Berlin Loses Patience With The Eurozone -- Ambrose Evans-Pritchard, The Telegraph
The Great Reprieve is exhausted. The world has used up the three years' grace gained by extreme stimulus after the debt bubble burst in 2008.
This time we face the risk of double-dip recession without shock absorbers. Interest rates are already at or near zero in much of the OECD club. Fiscal deficits are stretched to the limits of safety.
Far from loosening, the US is on track to tighten by 2pc of GDP next year, and Europe by 1pc to 2pc, into the slowdown.
China has already pushed credit to 200pc of GDP. It cannot repeat the trick.
Read more ....
Hot, hot August. Europe’s leaders are going on holiday, but the markets are not -- The Economist
Berlin Fears Eurozone Cannot Rescue Italian Economy -- Deutche Welle
In this grave crisis, the world's leaders are terrifyingly out of their depth -- Peter Oborne, The Telegraph
We need strong leaders in the eurozone -- The Guardian editorial
Euro dream threatens to become nightmare -- Dan O'Brien, Irish Times
US downgrade 'sounds alarm bell': China media -- Yahoo News/AFP
What US Fiscal Woes Teach China -- Yukon Huang, The Diplomat
China can’t – and won’t – save the world -- Jonathan Fenby, The Telegraph
China Tells U.S. It Must ‘Cure Its Addiction to Debt’ -- David Barboza, New York Times
How long can Canada weather the global economic storm? -- David Frum, National Post
Latin America not immune to U.S. debt deal -- Andres
Commentaries, Opinions, And Editorials On Europe's And America's Debt/Financial Crisis
Hot, hot August. Europe’s leaders are going on holiday, but the markets are not -- The Economist
Berlin Fears Eurozone Cannot Rescue Italian Economy -- Deutche Welle
In this grave crisis, the world's leaders are terrifyingly out of their depth -- Peter Oborne, The Telegraph
We need strong leaders in the eurozone -- The Guardian editorial
Euro dream threatens to become nightmare -- Dan O'Brien, Irish Times
US downgrade 'sounds alarm bell': China media -- Yahoo News/AFP
What US Fiscal Woes Teach China -- Yukon Huang, The Diplomat
China can’t – and won’t – save the world -- Jonathan Fenby, The Telegraph
China Tells U.S. It Must ‘Cure Its Addiction to Debt’ -- David Barboza, New York Times
How long can Canada weather the global economic storm? -- David Frum, National Post
Latin America not immune to U.S. debt deal -- Andres
We need strong leaders in the eurozone -- The Guardian editorial
Euro dream threatens to become nightmare -- Dan O'Brien, Irish Times
US downgrade 'sounds alarm bell': China media -- Yahoo News/AFP
What US Fiscal Woes Teach China -- Yukon Huang, The Diplomat
China can’t – and won’t – save the world -- Jonathan Fenby, The Telegraph
China Tells U.S. It Must ‘Cure Its Addiction to Debt’ -- David Barboza, New York Times
How long can Canada weather the global economic storm? -- David Frum, National Post
Latin America not immune to U.S. debt deal -- Andres Oppenheimer, Miami Herald
Memories of the stock market crash leave investors on edge -- L.A. Times
We can't rely on oil prices or QE to save us from this mess -- Liam Halligan, The Telegraph
Debt issuers brace for impact from U.S. downgrade -- Reuters
Euro dream threatens to become nightmare -- Dan O'Brien, Irish Times
US downgrade 'sounds alarm bell': China media -- Yahoo News/AFP
What US Fiscal Woes Teach China -- Yukon Huang, The Diplomat
China can’t – and won’t – save the world -- Jonathan Fenby, The Telegraph
China Tells U.S. It Must ‘Cure Its Addiction to Debt’ -- David Barboza, New York Times
How long can Canada weather the global economic storm? -- David Frum, National Post
Latin America not immune to U.S. debt deal -- Andres Oppenheimer, Miami Herald
Memories of the stock market crash leave investors on edge -- L.A. Times
We can't rely on oil prices or QE to save us from this mess -- Liam Halligan, The Telegraph
Debt issuers brace for impact from U.S. downgrade -- Reuters