The World Is In Free Fall – There Are No Indications At The Moment A Bottom Is In – US Recession Possible In 1 Year

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via @StockBoardAsset:

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U.S. Economic Growth Seen Stumbling…

KGI: US Recession possible in 1 year – fig 1/2 show global economy rapidly slowing

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Nearly 300 Chinese property developers go bankrupt this year amid liquidity crunch

Chinese authorities have been tightening financing rules for real estate developers to curb risks in the sector and prevent the housing market from overheating. That has added to pressure on cash-starved developers and brings many of them, especially small-sized ones, to bankruptcy.

As of July 23, 271 property developers had declared bankruptcy this year and in July alone, 34 developers have declared bankruptcy, equivalent to an average of . . .

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