With Japan's public debt about to hit 240% of GDP, Fitch Downgrades Japan's Sovereign Rating
The ratings agency Fitch on Tuesday lowered its assessment of Japan’s sovereign credit to A+, an investment grade just above the likes of Spain and Italy, and criticized Tokyo for not doing more to pare down its burgeoning debt.
OTTAWA — The risk of a major crisis in Canada’s financial system, and the impact of it would have on all aspects of our economy, doesn’t appear to be getting any bigger — but it’s not getting much better ether.
The Bank of Canada, in what it hails as “an enhanced framework” for gauging the stability of the banking sector, said Thursday that Canada remains robust but still faces “significant vulnerabilities.”
WASHINGTON — Just as the global economy has all but recovered from debt-fueled crises in the United States and Europe, economists have a new worry: China. They see a lending bubble there that threatens global growth unless Beijing defuses it.
That’s the view that emerges from an Associated Press survey this month of 30 economists. Still, the economists remain optimistic that Beijing’s high-stakes drive to reform its economy — the world’s second-largest — will bolster Chinese banks, ease the lending bubble and benefit U.S. exporters in the long run.
Canada struggled in 2013, with its economy lagging the U.S. and Canadian stock returns being among the worst in the developed world. On Monday, the National Post, in partnership with the Canadian Club of Toronto, held its 37th Annual Outlook luncheon to discuss what’s in store for Canada and the global economy in 2014. Some 550 attendees came out to hear a panel that included four senior columnists and editors of the National Post and the Financial Post and Warren Jestin, senior vice president and chief economist of Scotiabank.
Article written by Prieur du Plessis, editor of the Investment Postcards from Cape Town blog.The following is a partial transcript of Jim Puplava‘s great interview on Financial Sense with Marc Faber, author of the
A month ago we pointed out that even as the Chinese credit bubble - at a record 240% of GDP on a consolidated basis - is now clearly out of control, the far more disturbing aspect of China's credit-fueled economy is the ever declining boost to economic growth as a result of every incremental dollar created.