Drop in Ultra-Wealthy Population

Asia Sees Largest Global Drop in Ultra-Wealthy Population in 2022

In its recent analysis, Altrata, a global data firm, highlighted the significant ‘Drop in Ultra-Wealthy Population’ of around 11% experienced by Asia’s ultra-high-net-worth (UHNW) individuals—those with a net worth exceeding $30 million—in 2022. This decline was the steepest among all regions worldwide, leaving Asia with 108,370 UHNW individuals. The report says that this decline is attributable to factors such as China’s stringent Covid measures, the conflict in Ukraine, and supply chain disruptions in the region. […]

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Chinese Property Market

Divergence in Chinese Property Market Amid Stimulus Anticipation

China’s real estate sector is exhibiting a divergent trajectory without a likely swift recovery, despite potential additional stimulus policies, as noted by former advisor to the People’s Bank of China, Li Daokui, currently a professor of economics at Tsinghua University. The Chinese property market faces weakening consumer trust towards real estate firms as leading developers Evergreened and Country Garden grapple with debt crises, the latter narrowly escaping default and the former filing for bankruptcy protection. […]

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U.S. economy

How Strained Lending Intensifies Odds of A Potential U.S. Economy Recession

The landscape of the U.S. economy reveals a rocky terrain, where lending restrictions imposed by banks are ostensibly paving a path towards a looming recession. According to the latest Federal Reserve Senior Loan Officer Opinion Survey (SLOOS), lending conditions have perceptibly tightened in all sectors, underscoring the mounting caution in the banking world. Unveiling The Tight Credit Cloak The tightening cycle began during the third quarter of 2022, driven by the anxiety surrounding loan defaults […]

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China's Manufacturing Mystique

China’s Manufacturing Mystique: Navigating Economic Slowdown

Looking for a China’s Manufacturing Mystique? Well, for the first time in three months, China manufacturing sector contracted in July, underscoring how slower growth in the world’s second-largest economy could impact broader global growth. The Caixin China General Manufacturing PMI slipped to a six-month low of 49.2, down from 50.5 in June and missing market expectations. After a streak of growth in the last two months, new orders receded, resulting in a slump for the […]

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Crypto and Its Implications

SEC’s Increased Scrutiny Over Crypto and Its Implications

The dust within the cryptocurrency sector seems poised for a significant churn as Coinbase Global (NASDAQ:COIN) finds itself caught in the whirlwind of heightened regulatory scrutiny. As reported by CEO Brian Armstrong, the Securities and Exchange Commission (SEC) advised a suspension of all cryptocurrencies trading on the platform except bitcoin. The abrupt announcement regarding Crypto and Its Implications may signal a renewed attempt by U.S. regulatory authorities to intensify their overview on the burgeoning crypto […]

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Cash Maintains

Tempering The Euphoria: Cash Maintains Supremacy

The allure of cash maintains or persists, evident when juxtaposed against invert corporate bonds yield. Evidently, the risk appetite currently amongst investors is so robust, and the yield curve has inverted to such an extent, that the Fed funds rate now parallels with the returns on long-term US corporate bonds. In the current scenario, there’s an apparent prevalence of investors adopting more risks either via equities or long-term bonds or even credits. Such trend emanates […]

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