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  • Hong Kong Housing Market Enters Correction Territory

    After notching its longest streak of declining prices since at least 2016, what was formerly the world's hottest housing market has officially entered correction territory, as a single interest rate hike by monetary authorities (which prompted HSBC, one of the most active banks in the region, to raise its prime lending rate) has gone a long way toward offering some badly needed relief for prospective homebuyers in the city's middle class. According to Bloomberg, secondary home prices in Hong...

    Zero Hedge
  • US Futures, European Stocks Slide As Trade Fears Return

    US equity futures and European markets fell after a mixed session in Asia as a better than expected start to earnings season was overshadowed by resurfacing trade tensions between the U.S. and China amid a federal investigation into Huawei Technologies for allegedly stealing trade secrets, as fears about profits and global economic headwinds returned on news Apple plans to cut back hiring for some divisions while Singapore exports unexpectedly fell. Treasuries and the dollar were...

    Zero Hedge
  • Yes, there's been a stock market correction but that doesn't mean our economy is headed for a recession

    While many liberal commentators like to depict the recent stock market correction as a death knell for the Trump economy, financial markets and the broader economy aren't always in lock-step.

    Fox News
  • The stock market's worst fears are coming true -- and Trump isn't helping: Bloomberg

    Economists have warned that a recession is on the horizon and President Donald Trump has an opportunity to soften the blow. Instead, he’s making it worse. Bloomberg News began its Thursday report on the economy by saying that the fundamentals aren’t looking as strong as they once did. The huge decline in Apple revenue sent the markets into a tumble, but Kevin Hassett, President Donald Trump’s chairman of the Economic Council of Advisors did little

    Raw Story