Early Headlines: Super Typhoon Soudelor, Russian Gasoline Shortages, China's Regulation Disaster, Problem Child Portugal and More
Early Bird Headlines 08 August 2015
Econintersect: Here are some of the headlines we found to help you start your day. For more headlines see our afternoon feature for GEI members, What We Read Today, which has many more headlines and a number of article discussions to keep you abreast of what we have found interesting.
Talks that were meant to finalise the Trans Pacific Partnership wound up in Hawaii late last week without reaching a final deal. Over the last five years, 12 countries – Australia, Brunei, Canada, Chile, Japan, Malaysia, Mexico, New Zealand, Peru, Singapore, the United States and Vietnam – have been involved in negotiating the final text of the deal.
Chart of the Week 07 August 2015
Excessive credit build-up is followed by a credit purge as bad debt is eliminated and repayable debts are reduced. These actions present a serious drag on economic activity and can persist for many years, even a decade or more. If credit is the mother's milk of capitalism, then deleveraging can create nutritional problems and deflation becomes a significant risk.
The deleveraging credit purge cycle is discussed in video after the Read more >> jump.