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US consumers are piling up debt, and that’s fine

Consumer debt is rising in the US, and the reaction to this news has been both heated and predictable: “Americans in record debt: It’s our own fault,” read one headline in a conservative publication last week. A business website went with something more colourful: “The State of the American Debt Slaves, Q4 2019.” And presidential candidates have chimed in to ...

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US stocks rise, Treasuries steady; greenback slips

Bloomberg US equity futures rose on Tuesday while European shares fluctuated as the selloff that wiped out this year’s gains in global stocks showed signs of easing. Treasuries were steady and the dollar slipped. Contracts on all three major US indexes rose, though they pared early gains that suggested American markets are poised to claw back just a fraction of ...

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HK stocks trade near lowest since 2004

Bloomberg Hong Kong stock investors are the worst off in 16 years relative to the rest of the world as concerns mount over the impact of the coronavirus on an economy already reeling from last year’s protests. The Hang Seng Index is near its lowest level relative to the MSCI All Country World Index since 2004, even after Monday’s brutal ...

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