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Foreign purchases of American homes plunge 36% as Chinese buyers flee the market

CNBC, Released on 7/17/19 “The magnitude of the decline is quite striking, implying less confidence in owning a property in the U.S.,” the Realtors’ chief economist says. Continue……

“Transportation Recession” Gets Uglier

Wolf Street, Released on 7/15/19 Freight shipments in the US across all modes of transportation – truck, rail, air, and barge – fell 5.3% in June compared to June last…

The Permanent Recession

The Great Recession Blog, Released on 7/13/19 This month the economic expansion brought to you by your Federal Reserve and by US government largess becomes the longest expansion in the…

China imports from US plunge 31% in June amid tariff war

AP News, Released on 7/12/19 The trade war is starting to have a real impact: Chinese imports of U.S. goods fell 31.4% from last year, while Chinese exports to the…

Wall Street banks bailing on troubled U.S. farm sector

Reuters, Released on 7/11/19 The farming industry in America has become so brutal that banks are drastically decreasing loans they issue to farmers. Continue……

Trump says India tariffs on American products are ‘no longer acceptable’

CNBC, Released on 7/9/19 “India has long had a field day putting Tariffs on American products. No longer acceptable!” Continue……

Fed rate cut off the table after strong jobs report?

Yahoo Finance, Released on 7/5/19 U.S. jobs gained by 224,000 in the latest employment report, topping forecasts. This however puts pressure on the Fed NOT to cut interest rates Continue……

New ECB President, Christine Lagarde, Praises Negative Interest Rates

Mish Talk, Released on 7/2/19 Christine Lagarde, the head of the IMF, will become the head of the ECB. Already, she has made a fool out of herself. Continue……

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