Global ETF News for the Past 2 Months
you are currently viewing::The Debt-Inequality CycleMarch 24, 2026-During the Great Depression, as he saw ordinary people's purchasing power collapse, Federal Reserve Chairman Marriner Eccles warned that excessive saving by the rich was draining demand and deepening the downturn. "To protect them from the results of their own folly," Eccles told the Senate in 1933 testimony, "we should take from them a sufficient amount of their surplus to enable consumers to consume and business to operate at a profit." Inequality in the US was then extremely high: The top 1 percent held roughly 42 percent of all wealth. Within a decade, however, the landscape changed dramatically. World War II mobilization and progressive taxation reduced inequality and restored balance between spending and production. The underlying problem that Eccles emphasized faded from public memory as the US economy entered a long period of sustained and more equitable growth. Source: imf.org |
AI Boom Sparks Warning From Top Economists As Financial Risks Mount
July 2, 2026-Global central bankers and economists have warned that the AI boom could pose a growing threat to financial stability if investor expectations, debt-funded spending and job market disruption move faster than regulators can respond.
Bassanese Bites-Chip wreck
June 28, 2026-Global week in review: AI and ceasefire wobbles
US equities dropped back last week reflecting the fragile US-Iran ceasefire and renewed concerns around technology valuations. Despite ceasefire doubts, oil prices dropped further with signs of more ships passing through the Strait of Hormuz.
Visualized: World's Fastest-Growing Major Economy in 2026
June 26, 2026-The Real gross domestic product (GDP) growth year-on-year percentage forecast tells us how much a country's production of goods and services is expected to increase over a 12-month period, with inflation removed.
