Sounds Like A Worldwide Recession To Me

by BoatSurfer600

  • Retail sales fell by 5.9% in November from a year ago, worse than expectations for a decline of 3.7%, according to analysts polled by Reuters.
  • Industrial production grew by 2.2% in November from a year ago, missing Reuters’ forecast for a 3.6% increase.
  • A day before the data release, China’s National Bureau of Statistics canceled its in-person press conference set for Thursday without explanation.

Source:  CNBC

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Bank of England braces to hike interest rates AGAIN from 3% to 3.5% (hiking into a recession – is the long-awaited Great Retail Investor Muppet Reaping at hand?)

  • Bank of England has imposed a ninth successive interest rate increase today
  • Rise will heap more pain on families and comes despite signs inflation is easing
  • Mortgage costs will rise for millions of people as Bank battles surging prices   

Taxpayers, get ready to ante up for the next Wall Street bailout once the implosion of Housing Bubble 2.0 takes down the financial system – again. Heckova job, “Zimbabwe Ben” Bernanke, Yellen the Felon, & BlackRock Jay!

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