Economy
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How Would You Decide to Restart the Economy? – “There are likely to be unknown unknowns and, with that, a high risk of collateral damage and unintended consequences — whatever decision you make.” A Reckoning for China’s Opaque Overseas Lending – “With a systemic debt crisis before us, the Chinese government’s willingness to report its data…
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From LinkedIn. ECONOMIC PAIN CONTINUES – Moody’s downgraded South Africa’s five largest banks, nine of its municipalities, its two development finance institutions, following the firm’s downgrading of the government’s debt ratingand Eskom’s bond rating last week. While the outlook remains stable for the banks and one of the development institutions – the Industrial Development Corporation…