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China Economic Growth 'Downside Risk' Looms; Goldman Warns After July Macro-Miss-Fest
China Economic Growth 'Downside Risk' Looms; Goldman Warns After July Macro-Miss-Fest
China’s July activity data weakened from June, missing market expectations across the board, and signaling a soft start to Q3 amid continued divergence between resilient exports and subdued domestic demand.
Originally slated for publication late last night (US time), the data release was delayed for five hours after the statistics agency revised its schedule in a break with recent practice.
Industrial production (IP) growth slowed to 4.5% yoy in July from 5.3% yoy in June, reflecting slower export growth and...
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Apr 23, 2026 / Andrew P. Napolitano
A Secret Act of Judicial Tyranny
In a famous Supreme Court one-liner, reminding the legal community of the finality of the court’s rulings, the late Justice William J. Brennan Jr. is reputed to have said that the Constitution means whatever any five of us say it means. This reflects the basic math that five is a majority of nine. It also […]
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Mar 11, 2026 / Jason Ditz
Israel Attacks Central Beirut as Death Toll Rises to 570
While Israel has been issuing more and more evacuation orders against various locations in Lebanon, that hasn’t stopped them from attacking targets well outside of those locations. Today, central Beirut’s residential district is in their sights, even though no evacuation order was issued before the strikes began. Other deadly strikes were reported in the Baalbek […]
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Jun 3, 2026 / Tyler Durden
SDNY Prosecutors Looking At Valuation Discrepancies In Private Credit Market
SDNY Prosecutors Looking At Valuation Discrepancies In Private Credit Market
In a move that is long overdue, Jay Clayton, the US attorney for the Southern District of New York, said his office is looking at possible valuation discrepancies in the private credit marketplace.
Wall Street’s top prosecutor addressed the issue Wednesday while speaking at the Bloomberg Global Credit Forum in New York.
Clayton said the difference between the price at which assets are marked on one balance sheet versus others was at the heart of blowups at First Brands Group, Tricolor Holdings and...
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