The repo market is crucial for global finance, and it broke down in September 2019, causing significant repercussions.
The Federal Reserve has been deeply involved in the repo market to ensure the smooth functioning of the world's secured borrowing system.
In September 2019, there was a sudden surge in overnight money market rates, leading to unexpected fluctuations and challenges in the financial system.
Kenya is facing a severe cost-of-living crisis due to rising prices, stagnant wages, and new tax measures, leading to widespread protests.
The protests in Kenya are not solely about economic grievances; they also represent shifts in intra-elite power struggles and perceptions of civic engagement.
President William Ruto's management of economic challenges and political dynamics will define his presidency, with potential consequences for stability and public support.
Countries like Sri Lanka are facing serious debt problems, leading to protests and government instability. This could be a warning for other nations with similar financial issues.
Many countries, especially poorer ones, are struggling with rising debt due to high borrowing and the effects of global events like the war in Ukraine. This situation is getting worse and could lead to more defaults.
China's lending practices are a major factor in the growing debt crisis. Their loans often come with tough terms that many countries can't manage, causing additional economic troubles.