While Europe is purshing for a cashless society, many in the US coprehend the dangers.
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EU politics
Reuters: Luxembourg wary of EU anti-money laundering plan, Denmark in favour
Every time financial issues com up they become bogged down in controversy and then fade away. We have seen this with the transaction tax, tax evasion, and now money laundering. Read here
Economics
South China Morning Post: China’s property crisis: who and what will save the indebted developers in the world’s largest real-estate market?
Sunac, which forked out 43.8 billion yuan in 2017 to help Wanda, defaulted on a US dollar bond last week, and had its rating cut twice by Fitch, deep into junk status R&F, which bought […]
Finance
Bill Mitchell: Bank of Japan has not shifted direction on monetary policy
The hysteria surrounding the decision by the Bank of Japan (released December 19, 2022) to make a minor adjustment to its yield curve control ceiling on Japanese government 10-year bonds has been predictable but uninformed […]
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