🔥A major bank triggers a fire sale, leading to an 80% crash
💰The US banking system, already insolvent, faces the same risk
🇨🇳China earmarks 8 billion to support property projects
🌍The global economy is slowing down, with Japan downgrading its economic view
🛢️High inflation and the loss of cheap energy supplies add to the challenges
What triggered the fire sale and crash?
—A major bank's sell-off of assets triggered the crash.
Why is the US banking system at risk?
—The US banking system is already insolvent and cannot withstand any financial hit.
What measures is China taking to mitigate the crisis?
—China is earmarking 8 billion to support property projects.
Why is the global economy slowing down?
—The global economy is facing a downturn and weak global demand.
What are some additional challenges faced by Germany?
—Germany's manufacturing sector is experiencing a downturn, and it is facing high inflation and the loss of cheap energy supplies.
00:00A major bank triggers a fire sale, causing an 80% crash.
01:35The US banking system, already insolvent, faces the same risk.
05:24China earmarks 8 billion to support property projects.
08:52The global economy is slowing down, with Japan downgrading its economic view.
11:46Germany's manufacturing sector is experiencing a downturn.
13:37High inflation and the loss of cheap energy supplies add to the challenges.
