Kunaal Mukherjee

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China may have $2 trillion in hidden bad debt — 10 times more than official numbers report

The real level of bad debt in China might be 10 times the official number, according to the ratings agency Fitch. But don't worry! Fitch says that a "one-off resolution" of those non-performing loans (NPLs) would only cost $1 trillion. Or maybe $2 trillion.<p>To put that in perspective, here's a chart …

This Is When You’ll Know it’s Time to Panic About a Recession

The problem with being a contrarian when it comes to the economy is this: If everyone believes we’re headed for a recession and acts that way, then …

Why Every Marketer Should Be Looking At India In 2016

As 2015 winds to a close, people are looking ahead to new business opportunities that will be available in 2016. As 2016 begins, business globalization will be spreading more rapidly than ever before. With advancing methods of communication, transportation, and data sharing, businesses are …

5 countries crushed by oil price collapse

Countries that produce the world's crude are getting crushed by low prices.<p>Huge budget surpluses are turning into deficits, and generous social programs are being replaced with austerity and cuts.<p>Oil has collapsed below $37 a barrel, compared to over $100 in mid-2014. The global oil glut, OPEC's …

Oil

CHINA'S $28 TRILLION PROBLEM: 'The dark side of Asia's debt'

This photo is of Wu Lin'an (on the left) giving stock investment advice to members of the public in a "street stock salon" in central Shanghai, China, earlier this year. Reuters described Wu's investment strategy this way: "Wu, seeing himself as a senior player in stock investment, believes and …

India’s middle class is actually the world’s poor

Virtually the entire discussion among economists on defining the middle class in “emerging economies” pertains to levels of consumption expenditure or income. No doubt, income is a relevant indicator, but not when taken in isolation.<p>None of them attempt to base the definition on the concerned …

Income Inequality

Oil Stocks the Most Gurus Are Buying

As crude oil prices continue their descent to almost their lowest point since 2009, many value investors have contemplated whether oil stocks offer a compelling value.<p>In November, North Sea Brent Crude averaged $44 per barrel, falling $4 per barrel from October, due to an increase of 1.3 million …

Investing

OK, you can now officially call me 'Chicken Little' — but I still think the sky will fall!

That's long enough that you can officially call me, "Chicken Little."<p>So far, my concerns have been, at best, premature, and, at worst, misplaced.<p>So I hereby fall on my sword.<p>But my view hasn't changed!<p>Stocks are still frighteningly expensive on almost all historically predictive measures. Unless it …

Stock Markets

America's shrinking middle class could be at a 'tipping point'

In 2015, middle-income Americans (adults in a three-person household with annual income between $42,000 and $126,000) made up about half of the U.S. population, down steadily from 61 percent since 1971. In absolute numbers, this middle-income band now contains around 120 million people, which is …

Has the Indian parliament lost its relevance?

<b>Many Indians believe that the nation's parliament, beset by legislative gridlock and routine physical disruption, has lost its relevance. They are right, but only partially.</b><p>Elections to parliament's lower house, the Lok Sabha, are still crucial to determining who governs India. No one questions the …

India

How Bad Leadership Doomed Yahoo: CEO Mistakes Are Costly

Marissa Mayer’s reign as head of Yahoo looks to be ending like her predecessors. With a serious flop. Only this may well be the last flop – and the end of the internet pioneer.<p>It didn’t have to happen this way, but another CEO’s inability to manage Status Quo Risk doomed Ms. Mayer – as it has too …

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28 charts that show how America changed since the Fed gave us 0% rates

In the nine years since the Federal Reserve's last rate hike, the US has gone through a housing-bubble burst, a financial crisis that nearly destroyed the global banking system, the worst recession since the Great Depression, and a slow but steady recovery marked by moderate, consistent …

Markets

UBS summed up the 'third wave' of the financial crisis in 2 charts

Asia has a debt problem, and it's getting worse.<p>Analysts at UBS led by Duncan Woolbridge and Niall MacLeod have pinpointed exactly why.<p>While interest rates are low and falling in Asia, the <b>debt service ratio</b> has risen.<p>This ratio shows that the amount of cash companies in China and Hong Kong have to …

Dozens Of Global Stock Markets Are Already Crashing: "Not Seen Numbers Like These Since 2008"

<i>The system is beyond the point where it is merely showing stresses and fractures. Things are now falling apart and there may well be no way of</i> …

Vancouver housing prices: How high can they go?

Saturday, December 5, 2015<p>By Joanne Lee-Young, Vancouver Sun<p>This new listing in Dunbar for a 1,700-square foot rancher on a 33-foot lot was asking …

Real Estate

The housing market is going to be all about one issue in 2016

But unless there's a definitive pickup in wages, entry-level housing affordability could morph into a more serious issue.<p>"Deteriorating housing affordability will drive 2016 housing trends," according to Zillow's 2016 housing-market outlook published earlier this week.<p>"A lack of affordable homes …

America is pulling one way, China the other: will the global economy sink or swim?

Economists are split between those who see the world economy coming together and those who believe its major trading blocs are heading in opposite directions. It might only be a couple of weeks before we find out who is right.<p>On 16 December Janet Yellen, the head of the US central bank, is expected …

Economy

Finland plans to pay everyone in the country $876 a month

Imagine this: as you're worried about how to pay bills and make your rent, you get a check from the government for $876. Every month.<p>That's what …

The last 2 times the manufacturing gap reached this point, something worrying happened

To recap, the American manufacturing sector is seriously banged up right now. With Wednesday's ISM manufacturing release, the sector is now considered in contraction.<p>On the other hand, services from retail to hotels have been doing relatively fine.<p>This isn't unprecedented, but it sure is …