A series of shortages threatens EU supply chains – The Economist
“Lorries are vital for the transport of almost everything in Europe,” says Raluca Marian of the International Road Transport Union (IRU) in Brussels. Three-quarters of
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Crypto exchanges race to soothe clients’ nerves after FTX collapse – The Financial Times
Digital asset exchanges are rushing to reassure clients that their funds are safe as the collapse of Sam Bankman-Fried’s FTX crypto exchange ricochets through the
Why does the government want to cut spending? – BBC News
From nurses’ salaries to school supplies and state pensions, over £1 trillion will be spent on public services and investment this year. Government spending has
The Fiscal Cost of Quantitative Easing
In hindsight, it is clear that central banks’ massive bond-buying programs were a colossal mistake. But even at the time, some warned that they carried
UK heads for long recession as economy shrinks by 0.2% – The Guardian
Britain’s economy shrank by 0.2% in the three months to September, in what is expected to be the beginning of a long recession. In its
Inflation cools much more than expected in October – CNN
Americans and the Federal Reserve got some welcome news Thursday on inflation. The Consumer Price Index rose 7.7% for the year ending in October, a
Interest rates have risen sharply. But is monetary policy truly tight? – The Economist
For a few months this year there was a rare moment of economic consensus. The rich world’s central banks, especially America’s Federal Reserve, had uncaged
Crypto crash and gold sell-off show there’s no place for investors to hide – CNN
The spectacular implosion of cryptocurrency exchange FTX, a so-called unicorn startup that was recently valued at $32 billion, is just the latest bit of bad
Jobless Claims Ticked Up But Remained Historically Low – WSJ
U.S. worker filings for unemployment benefits rose last week but remained near historically low levels, in a sign many employers continue to hold on to
PODCAST: Edward Chancellor on the Real Story of Interest
Bloomberg Radio host Barry Ritholtz speaks with Edward Chancellor, who is a well-known financial historian, author, journalist and investment strategist. His most recent book, “The