During the pandemic, shortages of workers plagued the logistics chain, except for one link. Trucking companies, railroads, warehouse operators— all struggled to find enough employees to keep goods moving. Maritime ports were the exception. Once workers join the International Longshore and Warehouse Union, they don’t easily walk away from the job. There was no Great Resignation or quiet quitting ...

  Housing markets are beginning to crack everywhere from the US and the UK to Australia and New Zealand. In China, the property industry is in a potentially deflationary crisis, while Hong Kong’s home prices are set to test a five-year low. In tiny Singapore, however, demand is defiant in the face of rising interest rates and a looming global ...

  Generals always fight the last war, they say, and it seems right now that lots of people are looking for the next Bear Stearns or Lehman Brothers. They’re only half right. The 2008 crisis that killed these investment banks started with subprime mortgages and complex credit products, but became an epic rolling disaster due to a rapid loss of ...