ANALYSIS: China Collecting Debt From Poorest Countries
The total outstanding debt owed to China is roughly $1.1 trillion—over half of these loans are now due. By Antonio Graceffo Beginning in 2001 and including the Belt and Road…
US Household Debt Is Staggering
By Antonio Graceffo U.S. household debt increased by 15.2 percent last year and now stands at 36 percent of the GDP, while household financial savings are at the lowest in 30 years.…
Stimulus Permanent Damage
Several US states are continuing with stimulus checks, enhanced unemployment, and eviction moratoriums. And, earlier this month, the federal government announced that the emergency would continue for another 90 days.…