Because of diminished appetite in the private sector to borrow and spend, the government needs to step in, said Richard Koo, chief economist at the Nomura.
(Bloomberg) China is falling into a “balance-sheet recession” and needs to ramp up fiscal stimulus quickly to address the challenge, according to the economist who coined the phrase to explain Japan’s descent into stagnation in the 1990s.Most Read from BloombergTrump ‘Standing Order’ to Declassify Not Found by DOJ, Intelligence AgencySwitzerland Blocks Sale of Leopard 1 Tanks Bound for UkraineA $100 Billion Wealth Migration Tilts US Economy’s Center of Gravity SouthChina’s Economic Woes Are M
J.P. Morgan Chase CEO Jamie Dimon said he loves his job but has considered running for public office. Asked in an interview if he had ever considered doing…
A shaky American financial market helped lower the value of USD Coin, according to Circle’s CEO. “We are seeing a huge amount of concern globally about the…