Lebanon, Sri Lanka, Russia, Suriname and Zambia are already in default, Belarus is on the brink and at least another dozen are in the danger zone as rising borrowing costs, inflation and debt all stoke fears of economic collapse.

by BoatSurfer600 Source: https://www.reuters.com/markets/europe/big-default-dozen-countries-danger-zone-2022-07-15/ https://t.co/D429PYi7QV — Win Smart, CFA (@WinfieldSmart) July 16, 2022 Historic cascade of defaults coming for Emerging Markets. Sri Lanka, where protesters stormed presidential palace, was 1st nation to stop paying its bondholders. Russia followed in Jun. El …

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Ransomware is already out of control. AI-powered ransomware could be ‘terrifying.’ Costa Rica govt. threatened!

Ransomware is already out of control. AI-powered ransomware could be ‘terrifying.’ Hiring AI experts to automate ransomware could be the next step for well-endowed ransomware groups that are seeking to scale up their attacks. https://www.protocol.com/enterprise/ai-ml-ransomware-cyberattacks-automation Russian Conti Ransomware Gang Threatens …

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Already Gone! U.S. Manufacturing Index Falls to Lowest Since 2020 As Fed Signals Removal Of Monetary Stimulus (As 10Y Treasury Yield Tries To Breech 3% Barrier)

by confoundedinterest17 What happens when the massive Fed stimulus is gone? Its Already Gone … or going. A measure of U.S. manufacturing activity unexpectedly dropped in April to the lowest level since 2020 as growth in orders, production and employment softened. The …

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