In 2022, 18 Asian companies defaulted on their dollar-denominated junk-rated bonds, a record that tripled the number of defaults in 2021, according to S&P Global Ratings.
Tag: Global Economy
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SPOTLIGHT: CHINA’S ECONOMIC MALAISE
New data shows China’s post-COVID economic recovery has vanished and is now weakening across a broad range of sectors, leaving it “teetering on the brink of deflation,” CNBC reported.
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EUROPE’S GAS PRICE DOUBLES IN JUST 10 DAYS
The benchmark price of natural gas in Europe more than doubled in ten trading days this month, jumping 27 percent on 15 June alone.
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TOP TREND 2022, DRAGFLATION: ECB RAISES INTEREST RATE, SEES HIGHER INFLATION AHEAD
On 15 June, as economists expected, the European Central Bank raised its deposit rate by a quarter point to 3.5 percent, its highest in two decades.
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TOP TREND 2023, GOING GREEN, LIKE IT OR NOT: OIL DEMAND WILL STAGNATE IN NEXT FIVE YEARS, IEA PREDICTS
Over the next five years, global demand for oil will virtually stop growing, the International Energy Agency (IEA) has predicted, as electric vehicles (EVs), biofuels, and energy efficiency permeate the energy economy.
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WHEN THE ECONOMY FALLS JOBS GO WITH IT
As equity markets rise and with the “good news” that inflation is falling, on the employment front, the firing binge continues…
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BANKING INDUSTRY TUMULT SINKS EUROPEAN REAL ESTATE STOCKS
In Europe, the share prices of publicly traded commercial real estate landlords finished their worst month in three years last week as investors feared the banking industry’s difficulties will make it harder for property owners to secure loans, which could sink property values, the Financial Times said.
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SPOTLIGHT: BYE, BYE BUCKS—THE DEATH OF THE DOLLAR
As we have greatly detailed over the weeks and as illustrated in this issue of the Trends Journal, it is a new world order. Much of what used to be emerging markets have emerged to large global economies providing products and services that were once dominated by the United States.
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SPOTLIGHT, TOP TREND 2023: FROM DIRTY CASH TO DIGITAL TRASH
In India, QR codes have become as common as curry. Street peddlers and performers display them just like barber shops and clothing stores do. Even beggars have their own QR codes if passers-by have no spare change.
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SPOTLIGHT: BIGS GETTING BIGGER
As forecast, the Merger and Acquisition trend which we have been long reporting would peak when the Federal Reserve would aggressively raise interest rates and cut off the cheap money supply.