On New Year’s eve, Chinese President Xi Jinping delivered his 2025 New Year address through China Media Group and the Internet. The following is the full text of the address:
Tag: mortgage rates
IMF forecasts UK recession despite other leading economies growing
Census Bureau: 3.8 million renters will likely be evicted in the next two months — why the rental crisis keeps getting worse
For the first time ever, the median rent in the U.S. topped $2,000 a month in June — and the increases show no sign of stopping.
Census Bureau: 3.8 million renters will likely be evicted in the next two months — why the rental crisis keeps getting worse
Calling a recession and blaming it on interest rates
The latest US GDP figures for second quarter of 2022 renewed the debate about whether the US economy was in a recession or not. Real GDP contracted in the second quarter of this year by a 0.9% annualised rate (or by 0.2% quarter over quarter). That meant the US economy had contracted for two successive quarters, and so ‘technically’ (by that definition) was in a recession. Real GDP is now up only 1.6% from Q2 2021. And business investment is slowing, up only 3.5% from this time last year, the slowest rate since the end of the COVID slump in 2020.
Calling a recession and blaming it on interest rates
Ms. Cat’s Chronicles 