China helped drag the global economy out of the 2008 recession, but will it be able to do the same in 2020? Plus, is the IMF correct about US GDP?

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via upfina: It’s easy to be confused about the direction of the trade war because of how quickly politicians change their statements and how the stock market reacts in a dizzying fashion. We can see stocks move up and down on trade rumors even though the weakness in U.S. economic growth is cyclical and the slowdown … Read more

Another Chinese Mega-Construction Project in California Is Halted, this one in San Francisco. List of Troubled or Scuttled Chinese Projects in California Grows

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Wolf Richter wolfstreet.com, http://www.amazon.com/author/wolfrichter How China’s crackdown on debt and capital flight pulls the rug out from under mega-real-estate projects. After months of rumors and speculation amid apparently failed efforts to secure a short-term loan and find an equity investor, property developer Oceanwide, a division of Chinese conglomerate Oceanwide Holdings Co. Ltd., said that it … Read more

JP MORGAN WARNS: Recession Coming SOON! – Jamie Dimon Among Other TOP BANKERS Sound Alarm!

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Josh Sigurdson talks with author and economic analyst John Sneisen about the warnings coming from JP Morgan’s Jamie Dimon as well as Moody’s and many other major financial institutions. Everyone is acknowledging what we have been warning of for years. A recession is close on the horizon. The issue is that we’ve all already been … Read more

Singapore passes fake news legislation threatens fines of $43,000 and up to 10 years in jail for anything that is disruptive to the “tranquility of the nation”, and to that of its friendly allies

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via maritime-executiv: A law intended to stop “fake news” came into effect in Singapore this month. The Protection from Online Falsehoods and Manipulation Act was passed in May. It requires online platforms, including social media, to issue corrections or remove content that the government deems false. The act states that a person must not do any … Read more

The Hill: Top Dem Harry Reid Warns Other Democrats: “I used to think that Trump was not too smart … but he is a very, very smart man.”

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http://magaimg.net/img/96×0.jpg “I used to think that Donald Trump was not too smart. I certainly don’t believe that anymore,” Reid told CNN’s David Axelrod during an interview on “The Axe Files” aired late Saturday. “But he is basically a very, very smart man.” When asked what advice he would give to a candidate running against Trump, … Read more

Harvard Trained Economist: Peak Debt, Worse Than The Housing Bubble

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by Harry Dent via Economy & Markets In the September issue of Boom & Bust, I talked about corporate debt being the greatest threat globally this time around. The worst is in the emerging world that used cheap printed dollars from the developed countries, primarily the U.S., to fund a debt binge concentrated in the corporate sectors. But our corporate sector also … Read more

Special Report: 70-plus children missing from Kansas’ foster care system

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by WJF3 Special Report: 70-plus children missing from Kansas’ foster care system -October 11, 2017 Credit goes to u/mattum01 for sharing the source of info Where have all the missing foster children gone? Discharge reason ? Sen. Laura Kelly, a Topeka Democrat, said she was ‘flabbergasted’ https://www.apnews.com/f171d5ba32ac42b28b6a19d67e4a5958 TOPEKA, Kan. (AP) — Lawmakers are expressing outrage after learning … Read more

Central Bank Hints at a “Big Reset” and Reveals a Possible Solution

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From Birch Gold Group It’s not every day you hear a major financial institution hint at the possibility of the entire economic system collapsing. The reason major financial institutions (and the mainstream financial media) shy away from a negative outlook on the economy is out of fear of triggering a kind of “self-fulfilling prophecy.” People stampeding … Read more

The American Consumer Cannot Prop Up The Economy: “Something Has To Give”

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by Mac Slavo of SHTFplan While consumer confidence can boost the economy and spending can drive growth, the consumer cannot prop up the economy forever. Wages are not keeping pace with price increases, so at some point, “something has to give.” In spite of the trade war and tariffs driving up prices, the latest evidence that the American … Read more

Court Ruling Shows How FBI Abused NSA Mass Surveillance Data

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THE FOREIGN INTELLIGENCE Surveillance Court found that the FBI may have violated the rights of potentially millions of Americans — including its own agents and informants — by improperly searching through information obtained by the National Security Agency’s mass surveillance program. U.S. District Court Judge James E. Boasberg, who serves in the District of Columbia and the … Read more

Rydex Bears Come Out Of Hibernation

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by Dana Lyons Assets in Rydex bearish mutual funds just spiked by a record amount. If markets like to climb a wall of worry, stocks may be primed for a significant ascent. At least that is according to the level of assets in inverse, or bearish, mutual funds. These funds are, of course, designed to rise … Read more

CNBC comes out against free speech

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Joanne Lipman of the Institute for Advanced Study at Princeton declares free speech dangerous. I hope people realize the next 202 is also a referendum on free speech Andrew Ross Sorkin is the person who started the effective movement to have banks not support gun makers and gunsales   h/t 9MoreYears