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"Instead, Ray simply used new investor money to repay prior investors."

The US will impose a total of $7.5 billion in retaliatory tariffs on EU imports starting October 18, with 10% tariffs on large commercial aircraft, and 25% on agricultural and other industrial goods.

Just in case you thought the ISM number was a flukey 'transitory' one-off, the New York City ISM just plunged, with the outlook collapsing to its lowest since Feb 2009.

“Businesses have turned more cautious in their hiring. Small businesses have become especially hesitant. If businesses pull back any further, unemployment will begin to rise."

This could be a huge policy error that sends Japan into recession next year. 

"The gold standard is certainly not a perfect or ideal standard.. but nobody is in a position to tell us how something more satisfactory could be put in place of the gold standard..."

"It’s also far from clear that the trend will improve in the fourth quarter...."

Police confirmed that an individual had been taken into custody after being shot by an officer.

"Macroeconomic risks are firmly tilted to the downside." 

WeWork is flagged as a top five tenant behind $3.3 billion in CMBS debt across 36 properties, in the US alone.

...they dropped.

...it’s unlikely that no trouble will ensue. 

Despite hope that August's bounce back into expansion would continue, September saw the key survey slump back into contraction (47.1 vs 50.0 exp) for the 3rd month in the last four...

"We believe the official manufacturing PMI may decline again, the growth slowdown could gather pace and..." 

Drug dealing has "definitely gotten worse" in the past couple of years...

Where in the world are the most powerful urban economic clusters today?

Brazil acquired the São Paulo at $12 million from France, only to eventually sink $100 million just to keep her seaworthy. 

5 words... "use it or lose it"

Disaster is lurking in emerging markets. 

“Too bad economists don’t actually understand macroeconomics,”