Sobering Thoughts: “Bottom line, more and more data are indicating that this is the beginning of an economic contraction.”

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Warning Shot to World Economy as Singapore Slumps, China Exports Drop

  • Singapore’s trade-reliant economy contracts annualized 3.4%
  • China exports decline 1.3%, imports plunge 7.3%, data shows

China posts its lowest quarterly growth in 27 years as the trade war drags on

Banks Aren’t Ready for the Next Crisis, Loan-loss reserves are as low as they were in 2008 – Bloomberg

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