China sends finance experts to tackle regions’ debts
China sends finance experts to tackle regions’ debts – https://on.ft.com/47sWZPA via @FT
China sends finance experts to tackle regions’ debts – https://on.ft.com/47sWZPA via @FT
https://www.thisismoney.co.uk/money/article-12375177/Santander-protects-customers-mortgage-hike-Bank-Englands-rate-rise.html
This isn’t just happening in Portugal. The financialization of housing is an issue in many countries and cities. However, the benefits need to be considered and how anf whethet locals are sharing in on the benefits. https://www.theguardian.com/world/2023/jul/29/portugals-bid-to-attract-foreign-money-backfires-as-rental-market-goes-crazy?CMP=Share_AndroidApp_Other
https://www.cnbc.com/2023/07/26/heres-what-changed-in-the-new-fed-statement.html
https://www.rollingstone.com/politics/politics-features/covid-relief-scam-fraud-money-billions-1234784448/
Is the Supreme Court for sale? https://www.theguardian.com/us-news/2023/jul/12/clarence-thomas-aide-venmo-payments-lawyers-supreme-court?CMP=Share_AndroidApp_Other
On the dangers of privatising a critical service. And the UK has done it about as bad as you can imagine. Poor regulation combined with highly indebted water provider owned by private equity sowed the seeds for an epic disaster. https://www.theguardian.com/business/2023/jun/30/in-charts-how-privatisation-drained-thames-waters-coffers?CMP=Share_AndroidApp_Other
https://www.brookings.edu/articles/in-california-statewide-housing-reforms-brush-against-local-resistance/
This represents a massive decrease in disoaable income for millions. I hope they are prepared. https://www.spglobal.com/marketintelligence/en/news-insights/latest-news-headlines/us-student-loan-payments-to-resume-as-americans-struggle-to-pay-other-debts-76294955
None of these UK mortgage payment shock solutions deal with the underlying problem and they actually make the problem worst. A 12 month grace period won’t solve the problem and assuming interest accrues during the grace period borrowers are worse off. Neither borrower income nor integrates are likely to change much, hence the grace period …