China Has Got To Stop Lying

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🇨🇳 🇨🇳 China has got to stop lying: China is digging itself deeper into a hole. It will stop publishing figures on youth unemployment (which hit a record 21.3% in June) and now, the property market is in worst shape than the govt reported
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Atlanta FedTracker Sees 3Q GDP Soar

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🇺🇸 🇺🇸 Atlanta Fed Q3 GDPNow tracker raised to a sizzling 5.8% from 5.0%
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Luxury London Home Sellers Cut Prices

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🇬🇧 🇬🇧 Britain’s intensifying mortgage crunch is now forcing London’s wealthiest home sellers to agree to discounts or risk deals falling through. The number of price reductions for deals worth £5 million ($6.4 million) or more almost doubled in the year through July, compared with the same period in 2022
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A New Megatrend Is Born

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🇨🇳 🇨🇳 BREAKING—A New Megatrend Is Born: A Chinese automotive battery company has introduced a battery that delivers 400 kilometers on a single charge of 10 minutes
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Japan: CEO Salaries Rise

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🇯🇵 🇯🇵 The median figure of Japan’s chief executive officer compensation rose 34% to ¥270 million ($1.8 million) in fiscal 2022 from a year earlier, according to a survey released Thursday by Willis Towers Watson Plc
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Hong Kong: Game Over

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🇭🇰 🇭🇰 Hong Kong: Pessimism is deepening as investors see no easy fix to the Chinese economy’s ailments. The property market is mired in a slump, a new crisis is brewing in the shadow banking sector, while economic data continue to disappoint
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Free Cutting Edge Research

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Minutes: Fed Sees Upside Risks

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🇺🇸 🇺🇸 Fed officials see ‘upside risks’*
possibly leading to more rate hikes minutes show. Most members worry that the inflation fight is far from over and could require additional tightening action
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China Could Trigger A Fed Rate Cut

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🇨🇳 🇨🇳 China’s economic woes are proving way deeper than initially feared (or desired). That’s prompted China’s central bank to unexpectedly cut its key interest rate to spur activity in the face of a worsening property slump, weak consumer spending, and awful macroeconomic numbers. Judging by the initial reaction, even the arrival of stimulus hasn’t cheered everyone up
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