“Severe Collapse” of Home Prices Might Trigger a “Financial-Institution Crisis” in Australia: OECD Frets about the Banks

Wolf Richter wolfstreet.com, www.amazon.com/author/wolfrichter “The authorities should prepare contingency plans.” The big four banks are too exposed to mortgages. Even if the banks don’t topple, the economy will get hit hard. In its latest report on Australia, the OECD focuses …

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The Fed Explains the Rate Hikes: To Prevent Financial Crisis 2

Wolf Richter wolfstreet.com, www.amazon.com/author/wolfrichter Instead of “bubble” or “collapse,” it uses “valuation pressures” and “broad adjustment in prices.” Business debt, not consumer debt, is the bogeyman this time. Preventing another financial crisis – or “promoting financial stability,” as the Federal …

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Visualizing Financial Literacy Rates Around the World

by howmuch What is financial literacy? The S&P’s Global Financial Literacy Survey defines it as the ability to understand essential financial concepts in making informed decisions about saving, investing and borrowing. The survey asked respondents a series of financial literacy questions. Here’s …

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