” The problem is that the senior managers, the auditors and the Board are not in prison and have not even suffered any financial loss.” Simon Wren-Lewis tells it like it is.
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Simon Wren-Lewis: A rotten corporate culture
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 […]
Economics
DeStatis – More from Germany’s V-Recovery: Production in March 2022: -3.9% on the previous month
Production in industry March 2022 (provisional): -3.9% on the previous month (price, seasonally and calendar adjusted) -3.5% on the same month a year earlier (price and calendar adjusted) Read Here This work has been released […]
Economics
Marshall Auerback: Low energy prices won’t stop a recession
A collapse could herald tough economic times across the world Read Here Photo: CGP Grey licensed under the Creative Commons Attribution 2.0 Generic
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