Live and recent posts from across the Fediverse tagged #financialcrisis, aggregated by home.social.
Another possible trigger for a likely AI-related 'correction' (financial crisis), has been proposed by Ellen Carr (a bond analyst): lease liabilities on data centres.
Many AI & related technologies' 'hyperscalers' are already carrying significant future lease liabilities ahead of data centre build-out(s), a liability that if things change might be difficult to fulfil, driving creditor action(s) to recover funds, driving a crisis as firms struggle to pay up?
#AI #FinancialCrisis
h/t FT
Kristalina Georgieva (IMF MD):
'Winter is coming'
So, how you take that will depend on how reliable you think IMF forecasts are... but if you think the IMF (and the World Bank) know a bit about the global economy & specifically the financial services sector, then its just one more warning that we should heed.
#FinancialCrisis #politics
h/t FT
France’s dilemma: protesters demand spending as markets require fiscal restraint
By Phillip Inman
Waves of protests expose debt crisis faced by French government, but political wrangling is stalling an escape plan. Is there a way out?
#France #Economics #Protest #Investing #Bonds #Business #Europe #Worldnews #EmmanuelMacron #Economicpolicy #EuropeanCentralBank #Financialcrisis #Governmentborrowing #Budgetdeficit #Marketturmoil #Euro #Eurozone #Globaleconomy #Banking #EuropeanUnion #Europeanbanks #Currencies #Stockmarkets #Euro #TheGuardian #PhillipInman
Ithala Liquidation: Guarantee Protects Depositors
Ithala Liquidation: Guarantee Protects Depositors Ithala SOC Limited, a KwaZulu-Natal-based financial entity, is facing provisional liquidation, Ithala Liquidation. This came after an application by the Prudential Authority (PA) to the Pietermaritzburg High Court. The move comes after years of regu... Ithala Liquidation: Guarantee Protects Depositors #National News#Banking #Depositors #FinancialCrisis…