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The bubble is losing air. Get ready for a crisis

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The ‘everything bubble’ is deflating. The fact that it’s happening relatively slowly shouldn’t blind us to the real threat: The world is dangerously underestimating how hard it’ll be to deal with the fallout once it pops. Frothy markets can’t disguise the warning signs. The shift to tighter monetary policies in the West is putting pressure on global equity and real ...

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Having biggest private jet doesn’t always help

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By rights, wealthy finance types should adore Bombardier Inc. The Canadian aerospace and train manufacturer’s Global 7500 is the biggest business jet around and can fly non-stop from New York to Hong Kong reaching almost the speed of sound. It’s yours for a mere $73 million. To describe the cabin as roomy is an understatement. There are four separate “living ...

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How Meng Wanzhou’s arrest might backfire

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I am concerned with Canada’s recent arrest and possible extradition of Huawei chief financial officer Meng Wanzhou. Meng was travelling in Canada, switching planes using a Chinese passport, when she was taken into custody. If sent to the US, she would face charges of trying to defraud United States financial institutions, each carrying a maximum sentence of 30 years. And ...

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