New Cold War : China’s Dominance in Critical Minerals Soars
As the new cold war dawns, China’s international influence is on the rise, driven by…
Commercial Real Estate is in serious trouble
Declining credit quality metrics in Commercial real estate lending pushed several banks to reduce their exposures to the sector by offloading loans related to the asset class, particularly office loans, in the second quarter. US banks’ commercial real estate loan portfolios showed signs of increasing stress During the second quarter, the net charge-off rate for…
China Warns Southeast Asian Countries: External Forces Are Trying to Sow Discord in the Region.
China’s Foreign Minister, Wang Yi, issued a stern warning on Saturday, emphasizing the need to prevent a repetition of the tragic war in Ukraine within the Asian region. He urged countries to avoid being manipulated as pawns in a great power competition. Wang also accused “certain external forces” of deliberately sowing discord among the member…
New Cold War : China’s Dominance in Critical Minerals Soars
As the new cold war dawns, China’s international influence is on the rise, driven by its economy and it growing control over critical minerals that play a pivotal role in various products, which hold the key to shaping the future. Companies involved at every stage of the supply chain, spanning from mining to the production…
Bank Bond Portfolios Experience Deeper Losses as Interest Rates Surge
Rising interest rates have once again inflicted a decrement on the valuation of bank bond portfolios, coinciding with a period when major banks confront alterations in regulations compelling them to acknowledge notional losses in the computation of their regulatory capital.
Historic US, Japan and South Korea Trilateral Summit at Camp David: Top 5 Takeaways
In a remarkable event on Friday, President Joe Biden of the United States hosted an unprecedented trilateral summit, uniting the US, Japan, and South Korea leaders at Maryland’s Camp David. With Japanese Prime Minister Fumio Kishida and South Korean President Yoon Suk Yeol in attendance, Biden convened this summit to solidify a shared security agenda…
Blackstone Real Estate Trust Changes President Amidst Melting Commercial Real Estate Markets
Blackstone Inc.’s $68 billion real estate trust finds itself besieged by nine months of substantial redemption requests, all amidst a gathering storm over the commercial real estate markets. Blackstone Real Estate Income Trust is the largest institutional landlord in the world. The latest ominous signal emanating from Blackstone Real Estate Income Trust (BREIT) comes in…
Higher Housing Prices and Increased Mortgage Rates Mark the Demise of the American Dream
Rising to new heights, housing prices have surged significantly, matched in intensity by the upward trajectory of mortgage rates. These combined forces serve as a stark indicator that the cherished concept of the American Dream, entwined with homeownership aspirations, is undergoing a profound transformation. The once-attainable notion of owning a home, intertwined with financial security…
China’s Economy Is in Big Trouble
Over the last four decades, China’s economy has maintained an average annual growth rate of around 10%. But now, China’s economy is struggling with a decline in trade and foreign investment, an unstable housing market, and deflation. The world’s second-largest economy is not growing, producing, or trading as much as usual.
US Bank Loan Losses Surge to $19 Billion as Borrowers Grapple with the Sting of Rising Rates
US banks suffered nearly $19 billion in debt losses in the second quarter, the highest in more than three years , as lenders grapple with rising defaults by credit card and commercial real estate borrowers. Lenders reported write-offs (losses on loans deemed nonperforming) of $18.9 billion in the quarter, up nearly 17 percent from the…
US Total Household Debt Hits an All-Time High of $17 Trillion; Credit Card Debt Also Sets New Record at $1 Trillion
The upsurge in credit card debt, reaching $1 trillion for the first time played a crucial role in propelling the total household debt figures to $17 trillion , according to latest data released by the Federal Reserve Bank of New York. US Total Household Debt and its composition More than 70 percent of household debt…
