Opinion: Shares could fall 50%, argues Nouriel Roubini. Things will get a lot worse before they get better.

NEW YORK (Syndicate Challenge)—The worldwide monetary and financial outlook for subsequent 12 months has deteriorated quickly in current months, with policymakers, buyers and households now questioning by how a lot they need to revise their expectations and for a way lengthy. That is determined by the solutions to 6 questions. six questions First, will the … Read more

Reducing stagflation can be prevented with smart policy – ​​POLITICO

Joachim Nagel is the President of the Deutsche Bundesbank. Daring wallpaper, corduroy flares, lengthy sideburns, disco and punk. The Seventies have been a loud, “in your face” decade. And for a lot of, that decade nonetheless holds attraction. Revivals seem time and again, whether or not in trend or music. Economically talking, nonetheless, the Seventies … Read more

Mortgage rates rise again, excluding more buyers from the housing market

Mortgage charges proceed to rise because the Federal Reserve seeks to tame unwieldy inflation. The 30-year fixed-rate mortgage averaged 5.81% within the week ending June 23, up from 5.78% the earlier week, in line with Freddie Mac. This time final 12 months, charges averaged 3.02%, and the final time charges have been this excessive was … Read more

Russian ruble is at its highest level in 7 years despite sanctions

The Russian one ruble coin and the Russian flag displayed on a display screen are seen on this a number of publicity photograph illustration taken in Krakow, Poland, on March 8, 2022. Jakub Porzycki | Nurfoto | pretend photographs The Russian ruble hit 52.3 per greenback on Wednesday, up about 1.3% from a day earlier … Read more