Vultures, rats and maggots are often the focus of disgust, less because of anything for which they can be blamed, and more because of the conditions with which they are associated. Death, disease and squalor carry a stigma that is hard to shake.
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Category Archive: 3.) Economist on Swiss banks
As interest rates climb and the economy cools, can companies pay their debts?
Welcome to the American corporate-debt market of 2022. Often the only risky bonds that are being issued are the legacy debts of a now ancient-seeming time—when interest rates were low and a recession was unthinkable. Elsewhere, the high-yield market has almost ground to a halt.
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The Pandemic has Widened the Wealth gap. Should Central Banks be Blamed?
Jul 10th 2021THE GLOBAL financial crisis of 2007-09 was socially divisive as well as economically destructive. It inspired a resentful backlash, exemplified by America’s Tea Party. That crisis at least had the tact to spread financial pain across the rich as well as the poor, however.
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