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Chinese Stocks, Yuan Drop After Dismal Data Dump: Worst Retail Sales Since COVID
Chinese Stocks, Yuan Drop After Dismal Data Dump: Worst Retail Sales Since COVID
China’s consumer spending and investment slumped in May to levels unseen since the pandemic, exposing risks for an increasingly two-speed economy, as Bloomberg's Chang Shu and Eric Zhu noted:
"The supply side remains robust, driven by faster-than-expected expansion in exports and AI tech sectors.
The demand side has faltered, with consumption and private non-tech investment plummeting."
Here's the details:
Industrial Production
Industrial production (IP) growth rose modestly to 4.5% yoy from 4.1% yoy thanks to stronger-than-expected exports, although automobile output growth remained...
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Apr 8, 2026 / Tyler Durden
S&P Slashes New Orleans' Credit Rating On "Structurally Imbalanced Operations"
S&P Slashes New Orleans' Credit Rating On "Structurally Imbalanced Operations"
New Orleans, home to Mardi Gras and muffulettas, has been governed by Democrats for decades, so it should come as little surprise that S&P Global Ratings has slashed the city's obligation rating to the third-lowest level of investment grade and placed it on a negative outlook.
S&P Global Ratings cut New Orleans' general obligation rating by one notch to BBB+ with a negative outlook, citing structurally imbalanced finances, shrinking reserves, and growing reliance on one-time desperate measures to meet cash needs.
"The...
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Feb 22, 2026 / Tyler Durden
AI Surveillance Should Scare Both Democrats And Republicans
AI Surveillance Should Scare Both Democrats And Republicans
Authored by Brendan Steinhauser via RealClearPolitics,
In a country desperate for unifying issues, there is growing consensus on one: surveillance of American citizens. From progressives who want to hold ICE accountable to conservatives who fear Big Government, an ever-expanding federal government has put many Americans on high alert, and artificial intelligence is only making matters worse.
To quote New York Times columnist Tressie McMillan Cottom, “ICE is watching you.” It is true: U.S. Immigration and Customs Enforcement saw its 2025 budget triple to nearly $30...
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Jun 20, 2026 / Tyler Durden
The Consumer Sentiment Disconnect From Economic Reality
The Consumer Sentiment Disconnect From Economic Reality
Authored by Lance Roberts via RealInvestmentAdvice.com,
The University of Michigan’s Consumer Sentiment Index just printed 44.8 in May. That’s the worst reading since the survey began in 1952. That print was lower than in 2008 and the 1980 inflation panic. It was also worse than the COVID lockdowns, yet the S&P 500 continues to climb higher, Q1 corporate earnings posted 27% growth, and weekly jobless claims sit near cycle lows. That “disconnect” has sparked many statements on social media, such as:
“GDP is growing at a healthy...
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