Young people who entered this financial downturn with fewer resources than previous generations are enduring pain.
Tag: Credit and Debt
Lebanon Will Default on Foreign Debt Payment Amid Deepening Economic Crisis
The decision will appease protesters who have clamored for the government to prioritize domestic concerns. But it does little to solve the nation’s financial woes.
Will the Coronavirus Cause a Recession? Keep Your Eye on the Barbershops
The Fed reduced rates to keep the effects of the outbreak from spreading to sectors not directly affected by the virus.
How Bad Could It Get? Companies Gauge the Coronavirus Impact
Whether the economy slides into a recession may be determined by the way businesses react to the outbreak.
How Bad Is China’s Debt? A City Hospital Is Asking Nurses for Loans
The city of Ruzhou spent big, then used its health care workers to raise money, as local governments look for ways to keep the economy going.
‘Achieving the American Dream’ With a Loan and a Smuggler
Poor Guatemalans, desperate to come to the United States, take out loans under false pretenses to finance their journey. The dream is often elusive.
China Injects $126 Billion Into Its Slowing Economy
The move comes as Beijing fights a costly trade war with the United States while looking for ways to keep its growth going.
Circulating in China’s Financial System: More Than $200 Billion in I.O.U.s
As the trade war escalates, Beijing needs private companies to pull China’s economy out of its rut. But for some, ready money can be hard to find.
Modern Monetary Theory’s Reluctant Poster Child: Japan
Despite its huge debt, the country remains an economic powerhouse. Some say it provides a model for the United States, but its leaders disavow the idea.
As Trade War Rages, China’s Sway Over the U.S. Fades
Beijing once could count on allies in business and politics to help get its way. Now many of its old allies are staying on the sidelines.