October's durable goods orders in the US revealed a 5.4% dip, exceeding the projected 3.2% decline. Recession is brewing...
The delayed effects of interest rate rises are going to be impacting over the next year. How can people and companies go on spending with this level of debt and this level of interest rates?
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Lot's can't. That's feeding the brewing deflationary shock that will followed by massive bail-outs of states, banks and social ponzi fonds
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It'll be interesting to see how the holiday shopping figures shake out.
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The clever ones will be using the discount shopping Sats
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