- Interest Rates Rise, Rents Too - Germany: After years of rising prices, apartments and houses are becoming cheaper again in many major cities. The reason is higher borrowing costs for investors and homeowners. But this is not necessarily good news for renters. https://www.konicz.info/2023/08/26/interest-rates-rise-rents-too/ 4 comments economics
- The Money of The Upstarts - The BRICS countries want to create their own currency to end the hegemony of the U.S. dollar. China holds a dominant position in the alliance. https://www.konicz.info/2023/08/02/the-money-of-the-upstarts/ 41 comments economics
- The Multipolar Debt Crisis - More and more countries in Latin America, Africa and Asia are over-indebted or even facing bankruptcy. As a lender, China is also affected by this crisis and has had to grant emergency loans to protect its own banks from payment defaults. https://www.konicz.info/2023/07/27/the-multipolar-debt-crisis/ 12 comments economy