Overseas Headlines – April 11, 2023

April 11, 2023


United States:

US Small Businesses Face Worst Credit in a Decade After SVB

More US small businesses reported having greater difficulty getting a loan in March after multiple bank failures led to a further tightening of credit conditions.

A net 9% of owners who borrow frequently said financing was harder to get compared to three months earlier, the most since December 2012, according to a survey from the National Federation of Independent Business out Tuesday. The same share expects tougher credit conditions in the next three months, matching the highest level in a decade.




Tumbling Money Supply Alarms Economists Who Foresaw Inflation

Britain’s money-supply economists, who emerged from obscurity in the pandemic by correctly anticipating sky-high inflation before anyone else, are sounding the alarm again.

Money supply growth is collapsing in the UK, eurozone and US, and they read that as a warning of recession and deflation. Central bankers have raised interest rates too far and, if the so-called monetarists are proved right again, they say there should be a “clear out” of officials.




Buffett Ramps Up Japan Stock Bets, Weighs Buying Even More

Warren Buffett is turning his focus back to Japan, with the billionaire investor telling Nikkei that he’s mulling a boost to his stock investments in the country shortly after Berkshire Hathaway Inc. kicked off a yen bond sale.

Shares of Japan’s major trading houses jumped after Buffett said he has raised his holdings in them to 7.4% from about 5% in 2020 and is looking to increase his exposure to the country’s stocks, according to the Nikkei report.




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