China’s Property Market Crisis
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Explore "global economic impact" with insightful episodes like "China’s Property Market Crisis", "Defaulty Towers: How dangerous is the US Debt Ceiling?", "A Bridge, a Bomb and Putin’s Revenge" and "No. China Is Not Going To Collapse... Yet" from podcasts like ""The Journal.", "Many Happy Returns", "The Daily" and "Economics Explained"" and more!
The United States is again toying with defaulting on its national debt.
If the $31 trillion debt ceiling were breached without the limit being raised, it’s fair to say all hell would break loose.
But how likely is a default? And what would happen to markets if the US really jumped off the cliff?
And in today’s Dumb Question of the Week: Who is the national debt owed to anyway?
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This podcast is for informational and entertainment purposes and is not financial advice. We do not provide recommendations or endorse any decision to buy, sell or hold any security. We cannot be held responsible for any actions listeners may take and investors are encouraged to seek independent financial advice.
Copyright 2023 Many Happy Returns
Just before the sun came up on Saturday on the Kerch Strait Bridge, a strategically and symbolically important link between Russia and the Crimean Peninsula, a bomb detonated, creating a giant fireball.
But Ukrainian elation about the explosion quickly turned into concern about how Russia would respond. And in the days since, Moscow’s retaliation has been to pound Ukrainian cities with missiles in the most sweeping rocket assault since the start of the war.
Guest: Michael Schwirtz, an investigative reporter for The New York Times.
Background reading:
For more information on today’s episode, visit nytimes.com/thedaily. Transcripts of each episode will be made available by the next workday.
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