Policymakers failing to revive global growth, PMI expectations in freefall. First global recession since 2009?

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policymakers failing to revive global growth pic.twitter.com/FXzAfmf1ox — Alastair (@StockBoardAsset) October 14, 2019 Global pmi expectations pic.twitter.com/VGz4YcWdRf — Teddy Vallee (@TeddyVallee) October 13, 2019 Leading indicators pic.twitter.com/NknG8dcf1z — Win Smart, CFA (@WinfieldSmart) October 10, 2019 The World Bank has cut India’s economic growth forecast by the most among South Asian nations https://t.co/FVULaijLOu — Bloomberg Economics … Read more

Bank loans, CEO confidence, India

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by WARREN MOSLER Tariffs have caused a global economy (that has a pro cyclical bias) to turn south. It’s always an unspent income story. When decisions to not spend income (decisions to ‘save’) are not sufficiently ‘offset’ by agents spending more than their incomes GDP (sales/income) decelerates until said deficit spending- private or public- expands … Read more

Sleepwalking Into Disaster: Stock Market Crash Nears, Even With “NonQE” & Trade War Progress

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via silverdoctors: To use an overused cliche, we’re sleepwalking right into disaster. That is, October is turning-out to be nothing like the month that many analysts had expected. Here we are, halfway through the month, and the US stock market is right back to within spitting distance of new, all-time record highs. What a farce! OK, … Read more

South Carolina dealership will give car buyers an American flag, a Bible, and an AR-15

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A car dealership in Honea Path, South Carolina, is offering everyone who buys an automobile an American flag, a Bible, and a voucher for a Smith & Wesson AR-15 rifle. The dealership’s general manager said that the offer reflects the values of their community, and of his team at the dealership. “We love America, we love God … Read more

Colleges Create AI to Identify ‘Hate Speech’

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– Turns Out Minorities Are the Worst Offenders LOL https://pluralist.com/ai-censorship-cornell-study Researchers from the University of Cornell discovered that artificial intelligence systems designed to identify offensive “hate speech” flag comments purportedly made by minorities “at substantially higher rates” than remarks made by whites. Several universities maintain artificial intelligence systems designed to monitor social media websites and … Read more

Trump says “We are getting out of the endless wars” on Wednesday and then the Pentagon announces deployment of 3000 to Saudi Arabia on Friday

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Trump defends pulling US troops out of Syria [link to http://www.youtube.com (secure)] U.S. deploying 3,000 troops, advanced equipment to Saudi Arabia https://www.washingtontimes.com/news/2019/oct/11/us-deploying-3000-troops-advanced-equipment-saudi-/ The U.S. military is significantly increasing troop deployments to Saudi Arabia, the Pentagon said Friday, announcing that 3,000 American personnel — including two fighter squadrons and an air expeditionary wing — will be … Read more

Rep. Lee Zeldin GOES OFF — Obliterates Adam Schiff’s Fairy Tale Quid-Pro-Quo Charge!

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https://www.youtube.com/watch?v=cX-OANZX7Es Jim Hoft from The Gateway Pundit reports, Rep. Lee Zeldin (R-NY) GOES OFF during a House Republican press conference! He Blasts Adam Schiff’s “clown show” — Reveals Volker testimony DESTROYS Democrat Narrative! Read More/Source/Credit/FairUse: https://www.thegatewaypundit.com/2019…

Tom Brokaw Sounded The Alarm On Joe & Hunter Biden’s Corruption in 2008!

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https://www.youtube.com/watch?v=l1pjvpvfJjM 100% Fed Up reports, Tom Brokaw Sounded The Alarm On Joe & Hunter Biden’s Corruption in 2008! Tom Brokaw called out Joe-Hunter Biden’s corruption in 2008 asking, “Wasn’t it inappropriate for someone like you in the middle of all this to have your son collecting money from this big credit card company while you … Read more

China wants more before signing the light deal as its economy is collapsing

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Playing poker with Xi is not easy – China wants more before signing the light deal https://t.co/18fBvOApsk — The Market Ear (@themarketear) October 14, 2019 https://twitter.com/Fxhedgers/status/1183553176592453632 Observations from a smaller limb. Seems numerous reports out that China is having export problems these day. SCMP: “China’s exports growth in biggest drop since February, as U.S. trade … Read more

Just Weeks After the Collapse of Thomas Cook, Spain Launches First Bailout of its Huge Tourism Industry

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“An unforeseen crisis.” Other headwinds intensify too. By Nick Corbishley, for WOLF STREET: Less than a month after the collapse of Thomas Cook, the global travel & vacation-giant and airline operator, the Spanish government has unveiled an €800 million taxpayer-funded bailout of its all-important tourism industry. During the presentation of the new 13-point royal decree, Spain’s vice-president Carmen Calvo described … Read more

Will Social Security Be There for You? Status of the Social Security Trust Fund in Fiscal 2019

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Wolf Richter wolfstreet.com, http://www.amazon.com/author/wolfrichter “Don’t rely on Social Security”: because inflation adjustments are punitively low, and benefits become more inadequate as you age. The  Old-Age and Survivors Insurance (OASI) Trust Fund – does not include the Disability Insurance (DI) Trust Fund – which closed the fiscal year 2019 at the end of September with a … Read more