US debt moving toward $50 trillion isn’t whole story
WASHINGTON – The most disturbing thing about forecasts that the US national debt will hit $50 trillion by 2034 is that the true figure surely will be much bigger.
William Pesek in asian news
China’s GDP troubles point to need for bolder reform
China’s property crisis is back in global headlines for all the wrong reasons as Asia’s biggest economy goes wobbly.
European debt now a better bet than US Treasuries
WASHINGTON — Janet Yellen can’t be happy as bond guru Bill Gross shines a bright spotlight on a fast-emerging risk to US Treasury securities: the November election.
China’s property fixes leave investors in suspense
“The China equity trade is back.” Or at least so says Société Générale, which reckons Beijing’s recent efforts to fix the property crisis has moved Asia’s biggest economy beyond the “confidence crisis” that dominated China’s market narrative in 2023.
Vietnam’s record-breaking bank rot reeks of 1997-98
You have got to hand it to Vietnam, which has somehow managed to produce a scandal that dwarfs the 1Malaysia Development Berhad (1MDB) debacle, widely referred to as the largest financial heist of all time.
Philippines won't convince skeptics without reform plans
William Pesek is an award-winning Tokyo-based journalist and author of "Japanization: What the World Can Learn from Japan's Lost Decades."
Modi’s tumble good news for India’s economy
The veneer of strongman invulnerability that cloaked India’s Narendra Modi for nearly a quarter century is crashing down around his Bharatiya Janata Party (BJP).