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The IMF singles out China and Turkey for large increases in corporate debt since 2007. Concentrated holdings by American mutual funds of emerging market debt securities is seen by the IMF in 2015 as creating potential systemic instability.
Grouped Articles
I.M.F. Cautions on Concentrated Positions in U.S. Mutual Funds
New York Times 09/29/2015
Emerging-Market Debt: How Big a Threat Is It?
Wall Street Journal 02/16/2016
In 1997 Federal Reserve rate increases worsened the situation in the fragile Mexican economy, with Mexico needing a large bank bailout. Contagion to other countries was also a large problem at the time. Harvard economists Kenneth Rogoff and Larry Summers, cite the situation facing emerging markets with the sharp fall in commodity prices and the decline in the value of the currencies, particularly Brazil, Indonesia and Russia, countries dependent on commodity exports, creating risks in the global economy that the Fed could not ignore. The debt crisis in China and slowing economy, with missteps by the government in handling the stock market decline, happened in August-September 2015, creating added uncertainty- making Sept 15, 2015, too soon for the Fed to risk even a modest 0.25% increase in rates.
Grouped Articles
Watching the Fed, and Remembering the Tequila Crisis
New York Times 09/18/2015
Fed Leaves Interest Rates Unchanged
New York Times 09/17/2015
Gloom on Brazil Finances Deepens
Wall Street Journal 12/17/2015
Why China’s Market Fell So Much
Wall Street Journal 01/05/2016
Why China’s Market Illness Has Gotten More Contagious
Wall Street Journal 01/12/2016
A January Pause, but Fed Affirms Plan for Gradual Rate Increases
New York Times 01/27/2016
Grouped Articles
Migrant Wave Inspires Others to Attempt Trek to Europe
Wall Street Journal 09/08/2015
Washington Post 11/16/2015
Nigeria Finds a National Crisis in Every Direction It Turns
The New York Times 07/17/2016
‘I Dream in Fruit’: What Hunger Looks Like in Syria
10/28/2016
Kenneth Rogoff of Harvard, is an expert on financial and debt crises, with the most extensive quantitative study of debt crises of 66 countries with Carmen Reinhart. The research is published in the book, "This Time Is Different." He discusses the debt crisis in China with the NYT's Andrew Ross Sorkin, saying China is not immune to the problems from an alarming buildup of debt. He says the reason China was seen as impervious to debt problems is because of the high savings rate of 30%, the millions of migrants moving to cities for manufacturing work, and government control of markets. Actually he sees China as a really good example of "This Time Is Different," the notion that somehow it can't happen here. The result is along delay before an event and the sudden speed of the implosion once it hits. The effects Rogoff sees are the risks to commodity producing countries such as Russia, Brazil, and other countries dependent on exports. He says China's large foreign exchange reserves offers a way for it to manage the debt crisis.
Grouped Articles
A Warning on China Seems Prescient
New York Times 08/24/2015
China facing full-blown banking crisis, world's top financial watchdog warns
The Telegraph 09/19/2016
Will Trump herald a US economic boom?
The Guardian 12/07/2016
China’s Economy Grows 6.9%, but Warning Signs Persist
The New York Times 04/17/2017
Moody’s Cuts Its China Rating for the First Time Since 1989
WSJ 05/24/2017
In Downgraded China, Echoes of Japan’s Boom and Bust
WSJ 05/24/2017
Grouped Articles
Overheard: China’s Yuan Move Undercuts Oil
Wall Street Journal 08/12/2015
Devaluation Hints at China’s Rising Distress Over Economy
New York Times 08/12/2015
U.S. Oil Prices Hit Fresh Six-Year Low, Dipping Below $40 a Barrel
Wall Street Journal 08/23/2015
Economist 08/24/2015
China Has Big Eyes, Little Stomach for Oil
Wall Street Journal 08/27/2015
Grouped Articles
Wall Street Journal 07/28/2015
Ghana electing next president, parliament | News | DW.COM | 07.12.2016
DW.COM 12/07/2016
Grouped Articles
Ethiopia’s Human Rights Activists See Scant Hope in Obama’s Visit
New York Times 07/26/2015
Anglos American responds to declining commodity prices and the slowdown in China with deep cuts to its 151,000 workforce.
Grouped Articles
Mining Companies Slash Jobs as Commodities Prices Slide
Wall Street Journal 07/25/2015
Commodities Rout Leaves Anglo American Needing Deals
Wall Street Journal 07/25/2015
Anglo American to Slash Assets, Cut 85,000 Jobs
Wall Street Journal 12/09/2015
Anglo American’s Overhaul: Dire Straits in Mining
Wall Street Journal 12/09/2015
Grouped Articles
Weak Power Grids in Africa Stunt Economies and Fire Up Tempers
New York Times 07/02/2015
Zambia Copper Producer Halts Production Over Power Shortages
Wall Street Journal 08/04/2015
The Economist 03/09/2019
Grouped Articles
A Legal Immigrant’s American Dream
Wall Street Journal 06/30/2015
Grouped Articles
Platinum Slammed by Supplies, Dollar
Wall Street Journal 06/23/2015
Grouped Articles
Saudi Arabia’s Celebrity Oil Minister Ali al-Naimi Prepares for Potential OPEC Swan Song
Wall Street Journal 06/04/2015
Wall Street Journal 06/05/2015
OPEC, Keeping Quotas Intact, Adjusts to Oil’s New Normal
New York Times 06/05/2015
What’s so important about the oil meeting in Doha - The Washington Post
Washington Post 04/17/2016
No Agreement on Oil Freeze at Doha Meeting
Wall Street Journal 04/18/2016
Saudi Arabia acting as a swing producer adjusted oil production to keep prices from falling in the period before 2015. Following the sharp drop in oil prices to below $50 in early 2015, prices steadied to about $65 for Brent crude in June 2015. The Saudi oil minister Naimi says he takes the long view on oil prices, and decides to continue Saudi production at earlier levels in June 2015. In a period of declining oil prices the Saudis and OPEC continue to produce oil at the same levels as before.
Grouped Articles
OPEC’s Pricing Leverage Is Weakening
Wall Street Journal 06/01/2015
OPEC’s Problem: There Is No Minister of Shale
Wall Street Journal 06/03/2015
Wall Street Journal 06/05/2015
OPEC, Keeping Quotas Intact, Adjusts to Oil’s New Normal
New York Times 06/05/2015
As Saudis Keep Pumping, Thirst for Domestic Oil Swells
Wall Street Journal 07/04/2015
U.S. Oil Prices Hit Fresh Six-Year Low, Dipping Below $40 a Barrel
Wall Street Journal 08/23/2015
In 1997 Federal Reserve rate increases worsened the situation in the fragile Mexican economy, with Mexico needing a large bank bailout. Contagion to other countries was also a large problem at the time. Harvard economists Kenneth Rogoff and Larry Summers, cite the situation facing emerging markets with the sharp fall in commodity prices and the decline in the value of the currencies, particularly Brazil, Indonesia and Russia, countries dependent on commodity exports, creating risks in the global economy that the Fed could not ignore. The debt crisis in China and slowing economy, with missteps by the government in handling the stock market decline, happened in August-September 2015, creating added uncertainty- making Sept 15, 2015, too soon for the Fed to risk even a modest 0.25% increase in rates.
Grouped Articles
Watching the Fed, and Remembering the Tequila Crisis
New York Times 09/18/15
Fed Leaves Interest Rates Unchanged
New York Times 09/17/15
Gloom on Brazil Finances Deepens
Wall Street Journal 12/17/15
Why China’s Market Fell So Much
Wall Street Journal 01/05/16
Why China’s Market Illness Has Gotten More Contagious
Wall Street Journal 01/12/16
A January Pause, but Fed Affirms Plan for Gradual Rate Increases
New York Times 01/27/16
Grouped Articles
Berlin Airport Used in Cold War Airlift Gets a New Humanitarian Mission
New York Times 09/11/15
Survey: Germany divided over Merkel's migrant policy changes | Germany | DW.COM | 21.08.2016
DW.COM 08/21/16
Opinion: Berlin, capital of mediocrity | Opinion | DW.COM | 19.09.2016
DW.COM 09/19/16
‘I Dream in Fruit’: What Hunger Looks Like in Syria
10/28/16
Kenneth Rogoff of Harvard, is an expert on financial and debt crises, with the most extensive quantitative study of debt crises of 66 countries with Carmen Reinhart. The research is published in the book, "This Time Is Different." He discusses the debt crisis in China with the NYT's Andrew Ross Sorkin, saying China is not immune to the problems from an alarming buildup of debt. He says the reason China was seen as impervious to debt problems is because of the high savings rate of 30%, the millions of migrants moving to cities for manufacturing work, and government control of markets. Actually he sees China as a really good example of "This Time Is Different," the notion that somehow it can't happen here. The result is along delay before an event and the sudden speed of the implosion once it hits. The effects Rogoff sees are the risks to commodity producing countries such as Russia, Brazil, and other countries dependent on exports. He says China's large foreign exchange reserves offers a way for it to manage the debt crisis.
Grouped Articles
A Warning on China Seems Prescient
New York Times 08/24/15
China facing full-blown banking crisis, world's top financial watchdog warns
The Telegraph 09/19/16
Will Trump herald a US economic boom?
The Guardian 12/07/16
China’s Economy Grows 6.9%, but Warning Signs Persist
The New York Times 04/17/17
Moody’s Cuts Its China Rating for the First Time Since 1989
WSJ 05/24/17
In Downgraded China, Echoes of Japan’s Boom and Bust
WSJ 05/24/17
Grouped Articles
The Betrayal of Mandela’s Promise
Wall Street Journal 08/20/15
Wall Street Journal 01/12/16
South Africans Head to Polls Amid Fierce Challenge to Party of Mandela
The New York Times 08/02/16
A.N.C. Loses Pretoria, South Africa’s Capital, as Setbacks Mount
The New York Times 08/06/16
A Seismic Shock for Jacob Zuma
The New York Times 08/09/16
The Economist 08/11/16
Grouped Articles
Wall Street Journal 07/28/15
Ghana electing next president, parliament | News | DW.COM | 07.12.2016
DW.COM 12/07/16
Grouped Articles
Ethiopia’s Human Rights Activists See Scant Hope in Obama’s Visit
New York Times 07/26/15
Grouped Articles
Global Growth Worries Pummel Commodities
Wall Street Journal 07/25/15
Economist 08/24/15
Grouped Articles
Iran’s Discount Deal for Global Oil
Wall Street Journal 07/14/15
U.N. Moves to Lift Iran Sanctions After Nuclear Deal, Setting Up a Clash in Congress
New York Times 07/20/15
The Global Battle for Oil Market Share
Wall Street Journal 12/16/15
Oil glut dampens Iran’s hopes for big cash flows as sanctions lift - The Washington Post
Washington Post 01/17/16
Iran Complies With Nuclear Deal; Sanctions Are Lifted
New York Times 01/16/16
Battered by War, Iraq Now Faces Calamity From Dropping Oil Prices
New York Times 01/31/16
Grouped Articles
Weak Power Grids in Africa Stunt Economies and Fire Up Tempers
New York Times 07/02/15
Zambia Copper Producer Halts Production Over Power Shortages
Wall Street Journal 08/04/15
The Economist 03/09/19
Grouped Articles
Girls Who Code From Around Globe
Wall Street Journal 06/26/15
What’s Holding Back Women in Tech?
Wall Street Journal 03/22/16
The real issues at Women20 | Business | DW.COM | 26.04.2017
DW.COM 04/26/17
At Google, Memo on Gender and Diversity Sparks Firestorm
WSJ 08/09/17
Opinion | Sundar Pichai Should Resign as Google’s C.E.O.
The New York Times 08/11/17
The First Women in Tech Didn’t Leave—Men Pushed Them Out
WSJ 12/10/17
Grouped Articles
Former Nigerian Central Bank Head Joins Blackstone Africa Fund
Wall Street Journal 06/11/15
Grouped Articles
Abuses by Nigeria’s Military Found to Be Rampant in War Against Boko Haram
New York Times 06/03/15
Nigeria Finds a National Crisis in Every Direction It Turns
The New York Times 07/17/16
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