China’s slowdown means there’s no way Beijing will hit its growth targets — so don’t rely on it to cushion the world against recession, economist Stephen Roach warns

There’s no way China is going to hit its 5.5% target for growth this year, Stephen Roach told CNBC Friday. That’s a big deal for the global economy, which can’t rely on China to bail it out again, he said. “That cushion’s gone,” the economist said, noting the “formidable pressures’ facing Beijing right now. Loading… Continue reading China’s slowdown means there’s no way Beijing will hit its growth targets — so don’t rely on it to cushion the world against recession, economist Stephen Roach warns

Jeremy Grantham rings the alarm on housing as mortgage rates rise, saying the US won’t be able to ‘skate through’ a property crisis

Legendary investor Jeremy Grantham has issued a warning about the US housing market as mortgage rates rise. He said a crash in the property market would be much more dangerous for the economy than a plunge in stocks. The GMO founder has said markets — including housing — are in a “superbubble” that is about… Continue reading Jeremy Grantham rings the alarm on housing as mortgage rates rise, saying the US won’t be able to ‘skate through’ a property crisis

Hungary says an EU ban on Russian oil would be a ‘nuclear bomb’ for its economy, as it derails embargo plans

Prime Minister Viktor Orban has said the EU Russian oil ban would be a “nuclear bomb” for Hungary’s economy. The central European country has emerged as a key obstacle to the EU’s plan to completely stop Russian oil imports. Hungary is heavily reliant on Russian oil and gets it mainly via pipelines, which would be… Continue reading Hungary says an EU ban on Russian oil would be a ‘nuclear bomb’ for its economy, as it derails embargo plans

This chart explains why Moscow could turn to China to ramp up oil imports after an EU embargo

China’s capacity to store oil and history of buying discounted supplies could help Moscow offset an EU embargo. China has at least 83 million barrels of spare inventory capacity that could be filled with cheap Russian oil, said energy analyst Matt Smith. This chart from Kpler shows why Moscow could turn to China if the… Continue reading This chart explains why Moscow could turn to China to ramp up oil imports after an EU embargo

Why I’m still bullish on stocks: BMO’s Brian Belski

This advertisement has not loaded yet, but your article continues below. Watch BMO’s Brian Belski on what investors should do to weather the current market storm BMO Capital Markets Chief Investment Strategist Brian Belski. Photo by Bloomberg Article content It’s not easy being bullish these days, admits Brian Belski. The chief investment strategist for BMO… Continue reading Why I’m still bullish on stocks: BMO’s Brian Belski