Financial Times (November 23)
“China’s repeated attempts to tackle its worsening property crisis resemble firework displays — full of light and sound, quickly extinguished. Property stock prices have burst upwards with each new set of government measures to boost the market, only to collapse shortly thereafter. This week’s rally should not differ.”
Tags: Attempts, Boost, Burst, China, Collapse, Crisis, Extinguished, Fireworks, Government, Market, Property, Stock prices, Tackle, Worsening
Wall Street Journal (November 13)
“Foreclosures are surging in an opaque and risky corner of commercial real-estate finance, offering one of the starkest signs yet that turmoil in the property market is worsening.” Through just October, the Journal found notices for “mezzanine loans and other high-risk loans” had already more than doubled the number for all of 2022 and likely reached “the highest total ever for a single year, as higher interest rates and rising vacancies punish the property sector.”
Tags: Commercial, Finance, Foreclosures, Highest, Interest rates, Mezzanine loans, Property market, Real estate, Risky, Surging, Turmoil, Worsening
Washington Post (July 1)
July 1 “used to be a day of celebration in the city. Now, it has morphed into a morbid reminder of Hong Kong’s tragic decline under the ever-worsening repression brought on by Beijing.” Hong Kong’s tragedy has great bearing for Taiwan. It “proves that Beijing’s proposal of ‘one country, two systems’ is a delusion — and that any promises Xi makes regarding Taiwan’s continued autonomy under reunification are worthless.”
Tags: Autonomy, Beijing, Celebration, Decline, Delusion, Hong Kong, July 1, Morbid reminder, Promises, Repression, Reunification, Taiwan, Tragedy, Worsening, Xi
New York Times (September 16)
“Pessimism is deepening as bellwether companies like FedEx and General Electric warn of worsening economic and business conditions.” On Friday, stocks declined, “ending one of the worst weeks of the year for Wall Street.” This may just be the start of bad news. “A parade of prominent investors and corporate executives made it clear that they believed the worst was yet to come for the economy and financial markets.”
Tags: Bellwether, Business conditions, Corporate executives, Economic, FedEx, General electric, Investors, Pessimism, Prominent, Stocks declined, Wall Street, Worsening
Oil Price.com (September 6)
“The leadership of the European Union has been hard at work these days, trying to find a lasting solution to an energy crisis that is worsening by the day. Yet the way they are approaching the solution is unlikely to produce any lasting results…. It has been compared to a Ponzi scheme.”
Tags: Energy crisis, EU, Lasting, Leadership, Ponzi scheme, Produce, Results, Solution, Unlikely, Worsening
Wall Street Journal (August 12)
“The rapidly-spreading coronavirus Delta variant and its impact on the global economy mean the world will consume less oil this year,” Lowering its forecast, the IEA’s latest market report notes that “the worsening of the pandemic, as well as revisions to historical data, mean its global oil demand outlook has been “appreciably downgraded,” with some of this year’s forecast recovery shifted to 2022.”
Tags: Coronavirus, Data, Delta variant, Demand, Downgraded, Forecast, Global economy, IEA, Impact, Oil, Outlook, Pandemic, Recovery, Worsening
LA Times (November 4)
“The global climate is in trouble, worsening faster than experts believed only two years ago, and ambitious international steps to address the problem have been insufficient thus far.” Since the Trump administration isn’t going to tackle this critical challenge, “the rest of us need to step up.”
Tags: Challenge, Climate change, Critical, Experts, Global, Insufficient, Trump, U.S., Worsening