China’s central bank extended hundreds of billions of yuan in emergency loans to financial firms and ordered some of the country’s biggest lenders to extend credit as well, as it moved to ease a liquidity crunch and continuing debt sell-off. Source The Australian
Italy’s budget deficit will overshoot the government’s 2020 target and public debt will rise in the medium-term as economic growth languishes, the International Monetary Fund said on Wednesday. Source Reuters
The Fed should get smart & lower the Rate to make our interest competitive with other Countries which pay much lower even though we are, by far, the high standard. We would then focus on paying off & refinancing debt! There is almost no inflation-this is the time (2 years late)! Source Twitter
The U.S. economy will grow at a “solid” rate of 2.2% this year, the non-partisan Congressional Budget Office forecast on Tuesday, but the federal budget deficit will hit $1.02 trillion. Source Reuters
