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GOLDMAN SACHS: The government shutdown will take a toll on the US economy, but the pain won’t last long
Goldman Sachs says that the government shutdown will result in a 0.2% reduction in first-quarter GDP for every week it persists.
BI PRIME: The gap between short- and long-term bond yields has remained narrow, a sign of weak economic prospects, while the stock market has surged.
BI PRIME: The US economy will keep humming along at a decent but unspectacular pace regardless of the outcome of this week’s widely-watched budget negotiations in Washington aimed at averting a government shutdown.
China is heading toward a debt crisis that will throw into question everything we think we know about its economy
BI PRIME: China’s worrisome build-up of corporate and household debt is well-documented, but fears of a financial crisis have receded sharply from the turbulent days of 2015-2016.
BI PRIME: A new Brookings Institution report projects substantially worst student loan defaults than previous estimates.
BI PRIME: Fed officials are considering a shift away from their current inflation targeting framework toward more aggressive measures to combat low inflation.
A top Fed official says a policy shift once seen as radical is ‘not nearly as scary as you might think’
BI PRIME: Williams is worried the Fed has a "credibility problem" because it has fallen short of its 2% inflation target for much of the economic recovery.
Global debt soared to a record $233 trillion in the third quarter of 2017, according to a report from the Institute of International Finance.
Singapore's economy grew ...
To lure Amazon’s HQ2, Detroit would free it from many taxes — and allow it to pocket employees’ state income taxes for 20 years
Detroit is among more than 200 US cities bidding for Amazon's new headquarters. It hopes to entice the company with some big tax breaks.