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Boston Globe (April 5)

2021/ 04/ 07 by jd in Global News

“After a year of forced dormancy, the restaurant industry is scrambling to get ready for an expected boom this summer…. Despite a massive labor pool, some restaurants say they are having trouble finding people willing to return to the business. The pandemic, it seems, prompted some to reconsider life in an industry notorious for difficult working conditions.”


Wall Street Journal (June 18)

2019/ 06/ 20 by jd in Global News

“The boom in U.S. oil production…has become a strategic advantage against authoritarian governments that want to use oil as a weapon. Europe’s weak economy doesn’t have to cope with an oil shock, and the U.S. can squeeze Iran’s exports without damaging the global economy.”


1843 (December 13)

2017/ 12/ 15 by jd in Global News

There is “a new golden age in board games….  One reason for the tabletop-gaming boom is simply that the products have improved. The best modern games are sociable, engaging and easy to learn, but also cerebral, intriguing and difficult to master. The slow triumph of what used to be called “nerd culture” – think smartphone gaming and “Game of Thrones” on television – has given adults permission to engage openly in pastimes that were previously looked down on as juvenile. And the increasing ubiquity of screens has, paradoxically, fuelled a demand for in-person socialising. Board gaming is another example of an old-style, analogue pastime that, far from being killed by technology, has been reinvigorated by it.”


Euromoney (March 3)

2017/ 03/ 07 by jd in Global News

“At what point does a boom become a bubble? The question needs to be asked in Asian high yield, where year-to-date issuance volumes are fast approaching the figure for the whole of 2016 in China and have already long exceeded it in India and Indonesia – after just eight weeks of the year, one of which was a write-off for Chinese New Year.”


Reuters (September 1)

2016/ 09/ 04 by jd in Global News

“Activity in China’s manufacturing sector unexpectedly expanded at its fastest pace in nearly two years in August as construction boomed, suggesting the economy is steadying in response to stronger government spending.” The strong performance “may reinforce growing views that China’s central bank will be in no hurry to cut interest rates or banks’ reserve requirements, for fear of adding to high debt levels or fuelling asset bubbles.”


Institutional Investor (March 10)

2015/ 03/ 11 by jd in Global News

“China’s red-hot growth inevitably has to cool given that it has already overbuilt and overborrowed. China’s debt load has exploded four-fold since 2007, largely on the back of shadow banking and a real estate boom.” China’s total debt load (estimated at 282% of GDP by McKinsey) now “tops debt loads in the U.S., Germany, Australia and other developed countries. China’s corporate debt amounts to 125 percent of GDP.”


Financial Times (August 26)

2014/ 08/ 26 by jd in Global News

“China’s tottering property market presents one of the greatest threats to the global economy.” The reverberations would be felt around the globe, particularly by nations reliant on natural resource exports. “The size of China’s property boom–and therefore the fallout from any crash–is awe-inspiring. In just two years, 2011 and 2012, China produced more cement than the US did in the entire 20th century.”


Euromoney (August Issue)

2013/ 08/ 25 by jd in Global News

In the U.S., it seems everyone is becoming an entrepreneur. “Some 6 million businesses were created in the U.S. in 2012. The country is experiencing a start-up boom…. Since the financial crisis, the number of businesses being started has rocked.”


The Economist (July 27)

2013/ 07/ 28 by jd in Global News

“After a decade of surging growth, in which they led a global boom and then helped pull the world economy forwards in the face of the financial crisis, the emerging giants have slowed sharply.” This slowdown in emerging markets “is not the beginning of a bust. But it is a turning-point for the world economy.”


Washington Post (July 17)

2013/ 07/ 18 by jd in Global News

With China’s economy decelerating, “ the world waits to see if it will make hard reforms. “Most big developing countries — China, India, Brazil, South Africa — have slowed down in the past few years. In almost all cases, the cause was the same. When their the economies were booming, these countries’ leaders avoided tough decisions. China had been the exception to this rule. But now it faces its biggest test…. If it fails, well, China becomes just another emerging market with a model that worked for a while.”


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