Welcome To Trillionistan; Don't Get Comfortable...
Not all trillions - debts, valuations, investments - are created equal. Huge nominal numbers often obscure the institutions and incentives that produced them.
More Defense Spending, More Climate Redistribution: The EU Spins A $2.2 Trillion Wealth Transfer Machine
The transformation of Europe's financing structure resembles a financial evolution toward a European superstate. Ultimately, common liability for Brussels' debts appears virtually inevitable. The political and institutional path back has largely disappeared.
Dozens Of Nations Scramble For World Bank Financing Amid Iran War Global Shock
Kenya & Iraq are among those to publicly confirm seeking emergency World Bank assistance...