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via Yahoo: (Bloomberg) — China’s Finance Ministry is set to propose a small increase in the targeted budget deficit for this year as officials seek to balance support for the … Read more
China’s Economy Slows Sharply, in Challenge for Xi Jinping DONGGUAN, China — China’s consumers and businesses are losing confidence. Car sales have plunged. The housing market is stumbling. Some factories are letting … Read more
Payroll growth slows in November as labor market tightens Private payrolls grew by 179,000 in November, below Wall Street estimates of 195,000, according to ADP and Moody’s Analytics. The service … Read more
by Jim Rickards of Daily Reckoning You are well aware that the Federal Reserve is raising interest rates. This policy started in December 2015 with Janet Yellen’s “liftoff” from zero and has continued … Read more
via @JeffCoxCNBCcom As the stock market, and homebuilders in particular, experience difficulty, it could put pressure on the Fed to ease its pace of interest rate hikes. Homebuilder shares plunged 40 … Read more
September U.S. Auto Sales Expected To Collapse. Jeremy Acevedo, Edmunds’ manager of industry analysis, stated: “Vehicle replacement demand following Hurricane Harvey bolstered auto sales last September, and Hurricane Florence has … Read more
by sundance When China announced the One-Road/One-Belt initiative (now banned from discussion in Beijing); in combination with a looming trade confrontation with President Trump; CTH pointed out that sketchy pandas’ bamboo economy was … Read more
via Ivan Levingston Banks were among the top beneficiaries when Republicans slashed corporate taxes in December to stoke the U.S. economy. So how are the nation’s largest financial institutions treating employees, … Read more
Malta is becoming a blockchain powerhouse, companies and exchanges are now setting up shop in Malta. Steve Wozniak compares blockchain to dot com bubble. US mortgage applications implode. First quarter … Read more
via STEPHEN LETTS China’s economy appears to have hit a significant speed hump, with a number of key indicators across the industrial, construction and retail sectors slowing to either multi-year, multi-decade or … Read more
Americans increased their borrowing in April at the slowest pace in seven months, dragged by a big slowdown in the category that covers auto and student loans. Consumer debt rose … Read more
via Steven Hansen Summary There are contrary indicators for growth of consumer credit. Current levels of consumer debt are at historical highs, whilst consumer debt payments are historically low (but are … Read more
One simple chart shows how stocks are overvalued pic.twitter.com/4uEvAQqQvq — Alastair Williamson (@StockBoardAsset) October 25, 2017 Asset prices not driven by earnings growth pic.twitter.com/ykIUqz4qoO — Alastair Williamson (@StockBoardAsset) October 24, … Read more
by Pamela Williams The update on the WannaCry RansonWare Attack is: Multiple security researchers have claimed that there are more samples of WannaCry out there, with different ‘kill-switch’ domains and without … Read more
by Robert Carbery Looking back on his first 100 days in office, President Trump is realizing that the reality of running the world’s largest economy, biggest and baddest military, … Read more