[2026-08-12 15:34 UTC+10:00] [All News] [Factuality: 92]

Source: The Korea Herald

Title: SK hynix effectively becomes Kioxia’s top shareholder

Snippet: Voting rights remain limited, but change in shareholder structure could widen SK hynix’s options in NAND market

Read full article: https://www.koreaherald.com/article/10838975

[2026-08-12 15:14 UTC+10:00] [Business / The economy] [Factuality: 100]

Source: The Age

Title: Is it time to buy a house? Here is what the CBA chief would tell his kids

Snippet: August 12, 2026 — 3:14pm

Read full article: https://www.theage.com.au/business/the-economy/is-it-time-to-buy-a-house-here-is-what-the-cba-chief-would-tell-his-kids-20260812-p60nn6.html?ref=rss&utm_medium=rss&utm_source=rss_feed

[2026-08-12 15:00 UTC+10:00] [General] [Factuality: 100]

Source: The National (UAE)

Title: Arada UK boss’s three-point plan to get Britain’s building industry bouncing | The National

Snippet: The boss of Arada UK has put forward his proposals to get "spades in the ground" to boost the UK’s property-reliant economy.

Read full article: https://www.thenationalnews.com/business/property/2026/08/12/arada-uk-bosss-three-point-plan-to-get-britains-building-industry-bouncing/

[2026-08-12 14:59 UTC+10:00] [General] [Factuality: 100]

Source: Al Jazeera

Title: Israeli raids, demolitions continue as UN warns West Bank at breaking point

Snippet: Israeli forces have continued their crackdown in the occupied West Bank, arresting at least 23 Palestinians and demolishing several homes, as the United Nations warned that the situation in the territory was at a “breaking point”.

Read full article: https://www.aljazeera.com/news/2026/8/12/israeli-raids-demolitions-continue-as-un-warns-west-bank-at-breaking-point

[2026-08-12 14:01 UTC+10:00] [General] [Factuality: 100]

Source: AP News

Title: July inflation report to provide crucial signs of where prices are headed

Snippet: A person loads groceries in plastic bags into their vehicle, May 18, 2026, at a grocery store in Cincinnati. (AP Photo/Joshua A. Bickel, File)

Read full article: https://apnews.com/article/consumer-prices-inflation-fed-interest-rates-150e179a6c6b3182ba05cedf0188394b

[2026-08-12 13:55 UTC+10:00] [General] [Factuality: 92]

Source: The Manila Times

Title: Eala hitting her checklist: Haircut, nails, TikTok with Gauff

Snippet: MANILA, Philippines — After wrapping up her WTA 1000 National Bank Open campaign in Toronto where she fell to Belinda Bencic in the fourth round, 4-6, 0-6, Alex Eala said she's going to rest, get a haircut, and have her nails done.

Read full article: https://www.manilatimes.net/2026/08/12/sports/eala-hitting-her-checklist-haircut-nails-tiktok-with-gauff/2403596

[2026-08-12 13:51 UTC+10:00] [Sport / NRL] [Factuality: 90]

Source: The Age

Title: Sam Walker’s $5m knockback and contract leaks a sign of times in NRL’s wild player market

Snippet: Trent Robinson is at ease with both Sam Walker knocking back a five-year, $5 million-plus Roosters extension and the tax-free PNG Chiefs poaching threat as he chipped his star halfback’s management for playing out contract talks in public.

Read full article: https://www.theage.com.au/sport/nrl/sam-walker-s-5m-knockback-and-contract-leaks-a-sign-of-times-in-nrl-s-wild-player-market-20260812-p60nm0.html?ref=rss&utm_medium=rss&utm_source=rss_feed

[2026-08-12 13:21 UTC+10:00] [General] [Factuality: 100]

Source: Nikkei Asia

Title: Indonesian banks face tighter liquidity after strong profits

Snippet: Bank Mandiri is one of Indonesia's state-owned banks enjoying strong loan and profit growth thanks to government liquidity injections. But as the state funds are due to mature in October, the banking sector overall is bracing for tighter liquidity. (Photo by Ken Kobayashi)

Read full article: https://asia.nikkei.com/business/finance/indonesian-banks-face-tighter-liquidity-after-strong-profits

[2026-08-12 13:19 UTC+10:00] [Main Market] [Factuality: 100]

Source: South China Morning Post

Title: HKEX pushes ahead on extended trading hours discussions as it prepares paper: sources

Snippet: The discussion paper could pave the way for Hong Kong’s bourse operator to introduce longer opening times, helping it attract global investors

Read full article: https://www.scmp.com/business/banking-finance/article/3363719/hkex-pushes-ahead-extended-trading-hours-discussions-it-prepares-paper-sources

[2026-08-12 13:17 UTC+10:00] [General] [Factuality: 100]

Source: South Korea

Title: KRX activates buy-side sidecar for KOSPI on sharp rise

Snippet: SEOUL, Aug. 12 (Yonhap) -- South Korea's bourse operator on Wednesday activated a buy-side sidecar for the benchmark Korea Composite Stock Price Index (KOSPI) as the stock index sharply rose, led by a chip rally.

Read full article: https://en.yna.co.kr/view/AEN20260812006200315

[2026-08-12 13:00 UTC+10:00] [General] [Factuality: 100]

Source: The National (UAE)

Title: UAE's corporate tax move is an investment in resilience | The National

Snippet: It is perhaps a sign of the times that one of the UAE’s many small businesses is a company that produces an emergency response kit. Dr Daamini Shrivastav, a Dubai physician, co-founded the business with a friend to produce the Trooper Box – a package to help a family weather a storm with first-aid supplies, food bars and candles.

Read full article: https://www.thenationalnews.com/opinion/editorial/2026/08/12/uae-tax-business-economy/

[2026-08-12 12:53 UTC+10:00] [News] [Factuality: 100]

Source: Michael West Media

Title: Shares dip, oil rises and top bank cautions on economy

Snippet: August 12, 2026 12:53 | News

Read full article: https://michaelwest.com.au/shares-dip-oil-rises-and-top-bank-cautions-on-economy/

[2026-08-12 12:42 UTC+10:00] [All News] [Factuality: 100]

Source: The Korea Herald

Title: [Photo News] Hana Bank opens FX transaction center

Snippet: Hana Bank CEO Lee Ho-sung (fourth from left), Barun Law Managing Partner Lee Dong-hoon (third from left), Yulchon Chairman and Managing Partner Kang Seok-hoon (fifth from left) and other officials pose during a ribbon-cutting ceremony for the bank's new Foreign Exchange Capital Transaction Center at Place 1 in Samseong-dong, southern Seoul, on Tuesday.

Read full article: https://www.koreaherald.com/article/10838772

[2026-08-12 12:27 UTC+10:00] [General] [Factuality: 100]

Source: Nikkei Asia

Title: Thailand's $3 government bonds attract retail investors

Snippet: Thai baht notes are seen at a bank in Bangkok. Thai authorities are encouraging savings through a new government bond program. © Reuters

Read full article: https://asia.nikkei.com/business/markets/wealth-management/thailand-s-3-government-bonds-attract-retail-investors

[2026-08-12 12:21 UTC+10:00] [Business / The economy] [Factuality: 100]

Source: The Age

Title: Emergency rescue deal secured for nation’s biggest aluminium smelter

Snippet: Australia’s biggest aluminium smelter is set to receive a major bailout package following long-running crisis negotiations with the federal and NSW governments over ways to keep the plant open and safeguard more than 1000 jobs.

Read full article: https://www.theage.com.au/business/the-economy/emergency-rescue-deal-secured-for-nation-s-biggest-aluminium-smelter-20260812-p60nn1.html?ref=rss&utm_medium=rss&utm_source=rss_feed

[2026-08-12 12:00 UTC+10:00] [General] [Factuality: 100]

Source: South China Morning Post

Title: China has always had a legal framework for taxation. Why is it now increasing enforcement?

Snippet: Declining fiscal revenue is prompting tax authorities to scrutinize offshore trusts and equity gains

Read full article: https://www.scmp.com/economy/china-economy/article/3363657/china-has-always-had-legal-framework-taxation-why-it-now-increasing-enforcement?utm_source=rss_feed

[2026-08-12 12:00 UTC+10:00] [Beijing] [Factuality: 100]

Source: South China Morning Post

Title: China has always had a legal framework for taxation. Why is it now increasing enforcement?

Snippet: Declining fiscal revenue is prompting tax authorities to scrutinize offshore trusts and equity gains

Read full article: https://www.scmp.com/economy/china-economy/article/3363657/china-has-always-had-legal-framework-taxation-why-it-now-increasing-enforcement

[2026-08-12 11:36 UTC+10:00] [General] [Factuality: 100]

Source: South Korea

Title: Supreme Court orders Samsung Securities to pay damages to NPS over 2018 dividend error

Snippet: SEOUL, Aug. 12 (Yonhap) -- The Supreme Court on Wednesday ordered Samsung Securities Co. to pay the National Pension Service (NPS) 1.86 billion won (US$1.3 million) in damages over a 2018 dividend error by an accidental stock issuance.

Read full article: https://en.yna.co.kr/view/AEN20260812003351315

[2026-08-12 11:30 UTC+10:00] [Politics / NSW] [Factuality: 100]

Source: The Age

Title: David Chandler wants to build housing that people can afford. And says he’s the man to do it

Snippet: Former NSW building commissioner David Chandler says he would be willing to return to public life to address “absolute market failure” in the missing middle apartment sector, laying down his solution to address the state’s housing crisis by building thousands of cheaper dwellings for those who have been priced out.

Read full article: https://www.theage.com.au/politics/nsw/david-chandler-wants-to-build-housing-that-people-can-afford-and-says-he-s-the-man-to-do-it-20260807-p60m8o.html?ref=rss&utm_medium=rss&utm_source=rss_feed

[2026-08-12 11:20 UTC+10:00] [General] [Factuality: 100]

Source: CNBC

Title: EVs dominate China’s car market: 5 takeaways from the country's latest auto sales data

Snippet: BEIJING — Survivors have emerged in China's fiercely competitive car market, which is increasingly dominated by electric-powered vehicles.

Read full article: https://www.cnbc.com/2026/08/12/china-car-sales-data-byd-tesla-geely-vw.html

[2026-08-12 10:33 UTC+10:00] [General] [Factuality: 100]

Source: South China Morning Post

Title: Hong Kong’s 5-year plan: what’s at stake?

Snippet: AdvertisementAdvertisementNEWSCMP Hong Kong SeriesHong Kong’s 5-year plan: what’s at stake?With Hong Kong’s leader expected to unveil the city’s first five-year plan in September following a two-month public consultation, the South China Morning Post examines how the financial hub can deliver on its game-changing ambitions and what is at stake. Updated: 12 Aug, 2026Advertisement[1]In Focus | Why does Hong Kong need a 5-year plan – and will it curb its free-market economy?As Hong Kong embraces long-term planning for the first time,

Read full article: https://www.scmp.com/news/hong-kong/hong-kong-economy/series/3363711/hong-kongs-five-year-plan-whats-stake?utm_source=rss_feed

[2026-08-12 10:33 UTC+10:00] [General] [Factuality: 100]

Source: South China Morning Post

Title: Hong Kong’s 5-year plan: what’s at stake?

Snippet: AdvertisementAdvertisementNEWSCMP Hong Kong SeriesHong Kong’s 5-year plan: what’s at stake?With Hong Kong’s leader expected to unveil the city’s first five-year plan in September following a two-month public consultation, the South China Morning Post examines how the financial hub can deliver on its game-changing ambitions and what is at stake. Updated: 12 Aug, 2026Advertisement[1]In Focus | Why does Hong Kong need a 5-year plan – and will it curb its free-market economy?As Hong Kong embraces long-term planning for the first time,

Read full article: https://www.scmp.com/news/hong-kong/hong-kong-economy/series/3363711/hong-kongs-five-year-plan-whats-stake

[2026-08-12 10:30 UTC+10:00] [General] [Factuality: 100]

Source: South China Morning Post

Title: Why does Hong Kong need a 5-year plan – and will it crimp its free-market economy?

Snippet: As Hong Kong embraces long-term planning for the first time, economists and officials debate whether strategic state guidance can coexist with its open, market-led economy

Read full article: https://www.scmp.com/news/hong-kong/hong-kong-economy/article/3363700/why-does-hong-kong-need-5-year-plan-and-will-it-crimp-its-free-market-economy?utm_source=rss_feed

[2026-08-12 10:30 UTC+10:00] [China] [Factuality: 100]

Source: South China Morning Post

Title: Why does Hong Kong need a 5-year plan – and will it crimp its free-market economy?

Snippet: As Hong Kong embraces long-term planning for the first time, economists and officials debate whether strategic state guidance can coexist with its open, market-led economy

Read full article: https://www.scmp.com/news/hong-kong/hong-kong-economy/article/3363700/why-does-hong-kong-need-5-year-plan-and-will-it-crimp-its-free-market-economy

[2026-08-12 10:30 UTC+10:00] [General] [Factuality: 100]

Source: Zero Hedge

Title: Bank Of America: The US Unemployment Rate Is Falling Because Americans Are Too Rich

Snippet: Last Friday's dismal jobs report (where 23K jobs were lost) had a silver lining: the unemployment rate dropped to 4.1%, the lowest since June 2025, dinging expectations that the AI revolution would lead to a spike in unemployment. There was just one problem: unemployment dropped not because more people found a job, but because the labor force shrank by a whopping 264K, and down more than 2 million since the start of the year.

Read full article: https://www.zerohedge.com/economics/bank-america-us-unemployment-rate-falling-because-americans-are-too-rich

[2026-08-12 10:28 UTC+10:00] [National] [Factuality: 100]

Source: The Age

Title: Commonwealth Bank posts $11bn profit

Snippet: Products & ServicesOpen Products & Services section

Read full article: https://www.theage.com.au/national/commonwealth-bank-posts-11bn-profit-20260812-p60nm3.html?ref=rss&utm_medium=rss&utm_source=rss_feed

[2026-08-12 10:16 UTC+10:00] [General] [Factuality: 100]

Source: ABC News

Title: Commonwealth Bank home loan applications fall 15pc since May

Snippet: Commonwealth Bank says home loan applications have dropped since May but appear to be stabilising. (AAP)

Read full article: https://www.abc.net.au/news/2026-08-12/commonwealth-bank-profit-home-loan-applications/107026850

[2026-08-12 09:53 UTC+10:00] [General] [Factuality: 100]

Source: New York Post

Title: Gavin Newsom’s bullet train barreling toward financial cliff as cash could run dry in 2027

Snippet: See more of our coverage in your search results.

Read full article: https://nypost.com/2026/08/11/us-news/californias-high-speed-rail-could-run-out-of-money-in-2027/

[2026-08-12 09:21 UTC+10:00] [General] [Factuality: 90]

Source: New York Post

Title: Miracle US economy zooms ahead — so DSA haters resort to lies

Snippet: See more of our coverage in your search results.

Read full article: https://nypost.com/2026/08/11/opinion/miracle-us-economy-zooms-ahead-so-dsa-haters-resort-to-lies/

[2026-08-12 09:02 UTC+10:00] [General] [Factuality: 100]

Source: The Jerusalem Post

Title: Iran to become member of BRICS Bank, increasing economic cooperation, trade - report

Snippet: Iran is going to become a member of the BRICS Bank, Governor of the Central Bank of Iran Abdolnaser Hemmati said, according to reports from Iranian media on Tuesday evening.

Read full article: https://www.jpost.com/international/article-905251

[2026-08-12 08:00 UTC+10:00] [General] [Factuality: 100]

Source: Zero Hedge

Title: California Orders NGO Serving As "Financial Backbone" For Singham-Linked Marxism Causes To Cease Operations

Snippet: Foreign policy investigator Adam Kredo of The Washington Free Beacon revealed on Monday that California regulators ordered Arc of Justice, a nonprofit operated by left-wing Code Pink cofounder Medea Benjamin, to cease charitable operations after years of missing tax filings and unanswered questions about what happened to $51 million in reported assets.

Read full article: https://www.zerohedge.com/political/california-orders-ngo-serving-financial-backbone-singham-linked-marxism-causes-cease

[2026-08-12 07:47 UTC+10:00] [General] [Factuality: 100]

Source: ABC News

Title: Commonwealth Bank reports $10.9b annual profit, ASX to slip as US-Iran optimism fades

Snippet: The nation's second-largest company Commonwealth Bank has reported its annual net profit rose to $10.9 billion.

Read full article: https://www.abc.net.au/news/2026-08-12/asx-markets-business-live-news/107025982

[2026-08-12 07:34 UTC+10:00] [General] [Factuality: 100]

Source: ABC News

Title: Drastic measures older buyers are taking to save for their own home

Snippet: John Atwood says renting in the standard market would have left little savings for a deposit. (ABC News: Glenn Mullane)

Read full article: https://www.abc.net.au/news/2026-08-12/qld-gold-coast-older-buyers-move-home-save/107024338

[2026-08-12 07:19 UTC+10:00] [General] [Factuality: 100]

Source: The Jerusalem Post

Title: 'Unacceptable activity': IDF condemns Israelis taking over Palestinian homes, land in West Bank

Snippet: The IDF issued a statement on Tuesday addressing and condemning reports that Israeli civilians have entered and taken control of Palestinian homes and land in the Qusra and Jalud areas of the West Bank.

Read full article: https://www.jpost.com/israel-news/article-905248

[2026-08-12 07:19 UTC+10:00] [General] [Factuality: 90]

Source: The Jerusalem Post

Title: ‘We are not going anywhere’: Danon defends Jewish communities in West Bank at UN meeting

Snippet: Israel’s Ambassador to the UN, Danny Danon, reaffirmed that Jewish communities in the West Bank would remain and continue to grow, rejecting claims that they are obstacles to peace during a United Nations Security Council meeting on the situation in the West Bank on Tuesday.

Read full article: https://www.jpost.com/israel-news/article-905250

[2026-08-12 06:55 UTC+10:00] [General] [Factuality: 100]

Source: South China Morning Post

Title: US faults China over opaque overseas lending, warns of emerging-market debt risks

Snippet: US State Department introduces tougher disclosure requirement covering sovereign loans, liabilities and collateral

Read full article: https://www.scmp.com/news/china/diplomacy/article/3363707/us-faults-china-over-opaque-overseas-lending-warns-emerging-market-debt-risks?utm_source=rss_feed

[2026-08-12 06:55 UTC+10:00] [United States] [Factuality: 100]

Source: South China Morning Post

Title: US faults China over opaque overseas lending, warns of emerging-market debt risks

Snippet: US State Department introduces tougher disclosure requirement covering sovereign loans, liabilities and collateral

Read full article: https://www.scmp.com/news/china/diplomacy/article/3363707/us-faults-china-over-opaque-overseas-lending-warns-emerging-market-debt-risks

[2026-08-12 06:22 UTC+10:00] [General] [Factuality: 100]

Source: CNBC

Title: CoreWeave stock pops 10% as revenue doubles on accelerating AI infrastructure demand

Snippet: CoreWeave shares jumped 10% in extended trading on Tuesday after the AI infrastructure provider reported revenue than topped Wall Street expectations.

Read full article: https://www.cnbc.com/2026/08/11/coreweave-crwv-q2-earnings-report-2026.html

[2026-08-12 06:17 UTC+10:00] [General] [Factuality: 100]

Source: AP News

Title: How major US stock indexes fared Tuesday 8/11/2026

Snippet: U.S. stocks slipped a bit further from their records, while oil prices kept swinging on uncertainty about when the war with Iran will allow crude to flow freely again.

Read full article: https://apnews.com/article/wall-street-stocks-dow-nasdaq-e5e8f3360f8d30714778761e3a483347

[2026-08-12 05:51 UTC+10:00] [General] [Factuality: 100]

Source: The National (UAE)

Title: Israeli settlement expansion in West Bank must be treated as emergency, UN official says | The National

Snippet: The situation in the West Bank must be "treated as an emergency", a UN official said on Tuesday, as settler violence and recent action by Israeli authorities on settlement expansion threaten to derail the fragile peace process.

Read full article: https://www.thenationalnews.com/news/us/2026/08/11/israeli-settlement-expansion-in-west-bank-must-be-treated-as-emergency-un-official-says/

[2026-08-12 05:35 UTC+10:00] [General] [Factuality: 100]

Source: ABC News

Title: Wait times, cost barriers to ADHD testing in Tasmania, report finds

Snippet: The standing committee heard that Tasmanian children suffered "significant blows" to their "educational trajectories" if they received a late ADHD diagnosis. (Adobe Stock)

Read full article: https://www.abc.net.au/news/2026-08-12/delayed-adhd-diagnosis-impacting-tasmanian-children-outcomes/107024688

[2026-08-12 05:30 UTC+10:00] [Culture / Music] [Factuality: 90]

Source: The Age

Title: Too big for Sydney: This massive work signals Opera Australia’s comeback

Snippet: After several years plagued by management volatility and financial strife, Opera Australia is pitching its 2027 season as one of stability and renewed ambition with a varied slate of productions for Sydney and Melbourne. The new season ranges from a new David McVicar production of Wagner’s Tannhäuser to a family-friendly, steampunk Magic Flute, two major Australian operas and the return of Gilbert and Sullivan to the Sydney Opera House.

Read full article: https://www.theage.com.au/culture/music/opera-australia-2027-20260720-p60gtw.html?ref=rss&utm_medium=rss&utm_source=rss_feed

[2026-08-12 05:04 UTC+10:00] [General] [Factuality: 90]

Source: New York Post

Title: Trump floats ‘easy, relaxed’ Iran war phase with control over economy: ‘I’m their banker’

Snippet: See more of our coverage in your search results.

Read full article: https://nypost.com/2026/08/11/us-news/trump-declares-control-over-irans-economy-im-their-banker/

[2026-08-12 05:00 UTC+10:00] [Property / News] [Factuality: 100]

Source: The Age

Title: This is how much of a pay rise households needed this year to keep up in property market

Snippet: Despite a decline in home values, households who have been searching for a house to buy this year will still need a pay rise just to keep up.

Read full article: https://www.theage.com.au/property/news/this-is-how-much-of-a-pay-rise-households-needed-this-year-to-keep-up-in-property-market-20260810-p60mxe.html?ref=rss&utm_medium=rss&utm_source=rss_feed

[2026-08-12 04:50 UTC+10:00] [General] [Factuality: 100]

Source: The Jerusalem Post

Title: UK Foreign Secretary Miliband presses Sa’ar on Gaza aid, West Bank violence

Snippet: British Foreign Secretary Ed Miliband pressed Foreign Minister Gideon Sa'ar over humanitarian aid to Gaza and violence in the West Bank during their first phone call on Tuesday, while the two also discussed Hamas's disarmament, Iran and antisemitism, according to a statement issued by Miliband.

Read full article: https://www.jpost.com/israel-news/article-905235

[2026-08-12 04:44 UTC+10:00] [General] [Factuality: 100]

Source: CNBC

Title: Is betting on elections using prediction markets illegal? Many states are unsure as midterms approach

Snippet: Wisconsin sent prediction market platforms spinning last month when its election commission released a directive reminding voters that betting on elections — including via trades on event contract exchanges — is illegal in the state, based on a more than 175-year-old law.

Read full article: https://www.cnbc.com/2026/08/11/do-state-election-betting-bans-apply-to-prediction-markets.html

[2026-08-12 04:34 UTC+10:00] [General] [Factuality: 100]

Source: CNBC

Title: An inflation report Wednesday should be a big deal for the Fed. Here's what to expect

Snippet: An important inflation report Wednesday could give the Federal Reserve a little breathing room in its battle against inflation.

Read full article: https://www.cnbc.com/2026/08/11/an-inflation-report-wednesday-should-be-a-big-deal-for-the-fed-heres-what-to-expect.html

[2026-08-12 03:30 UTC+10:00] [General] [Factuality: 100]

Source: Middle East Eye

Title: UK Foreign Secretary Miliband calls for Israeli withdrawal from Gaza in first call with Saar

Snippet: The UK Foreign Secretary Ed Miliband has called on Israel to withdraw from Gaza and curb its settlements in the occupied West Bank in his first meeting with his Israeli counterpart, Gideon Saar.

Read full article: https://www.middleeasteye.net/live-blog/live-blog-update/uk-foreign-secretary-miliband-calls-israeli-withdrawal-gaza-first-call

[2026-08-12 03:30 UTC+10:00] [News] [Factuality: 100]

Source: Michael West Media

Title: Biggest bank lender likely heading for record profit

Snippet: August 12, 2026 03:30 | News

Read full article: https://michaelwest.com.au/biggest-bank-lender-likely-heading-for-record-profit/

[2026-08-12 02:35 UTC+10:00] [General] [Factuality: 100]

Source: Zero Hedge

Title: Despite Record Surge In Subprime Car Loan Originations, US Household Debt Dropped In Q2: First Since COVID

Snippet: Something unprecedented happened in the second quarter: aggregate household debt balances declined by $13 billion, a 0.1% decline from Q1. Balances stood at $18.8 trillion, up $4.6 trillion since the end of 2019, just before the pandemic recession. But the reason why we say it was unprecedented, is that the Q2 drop was the first quarterly decline in total household debt since the second quarter of 2020, when the US economy was gripped by the covid lockdown shock leading to

Read full article: https://www.zerohedge.com/economics/despite-record-surge-subprime-car-loan-originations-us-household-debt-dropped-q2-first