IMF raises growth forecasts, warns
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The IMF raised its global growth forecasts at annual meetings in Washington but warned that Trump’s tariffs, AI‑fuelled asset bubbles and shadow‑banking risks could trigger sharp market corrections.
by Prem Sikka
Biggest cause is profiteering led by energy, water and food businesses. No govt checks it.
Real average wage stuck at 2008 level. 1% have more wealth than 70% of the population combined. Govts needs to remove cash from the rich.
by John H. Cochrane Reposted by Hanno Lustig, Lars P. Feld
Reposted by International Monetary Fund
Reposted by Fabián Muniesa, Sylvain Laurens
www.lemonde.fr/economie/art...
by Paulo Gala
By now cutting back on investment in the involuted industries, Beijing must decide where else to increase investment in order to achieve the GDP growth target. To the extent that it is in infrastructure. this should boost domestic demand and keep deflation at bay for a few years.
To the extent that it is in other manufacturing sectors, this will mostly shift price-cutting from the involuted manufacturing sectors to the non-involuted sectors, in which case we are likely to see deflationary pressures revive, perhaps next year.
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So is deflation behind us? It depends on how China balances the fight against involution. Remember that involution was a consequence of Beijing's response to the sharp drop in property investment after 2021-22. Because it couldn't let overall investment growth decline if it...