Following China's growth slowing to 1999 levels in Q3 (but beating expectations with the mirage of a mysteriously large drop in the deflator), all eyes were on tonight's data, most notably the deflator (especially following the trade data debacle from last week).

Submitted by John Whitehead via The Rutherford Institute,

What happens to a dream deferred?Does it dry uplike a raisin in the sun?Or fester like a sore—And then run?Does it stink like rotten meat?Or crust and sugar over—like a syrupy sweet?Maybe it just sagslike a heavy load.Or does it explode?—Langston Hughes, “Harlem”

Martin Luther King Jr. could tell you what happens to dreams deferred. They explode.

Israel and — to a lesser extent — Saudi Arabia continue to dictate much of U.S. foreign policy in the Mideast, especially animosity toward Iran. But the Iran nuclear deal may change the dynamic toward a more balanced strategy at least in the long term if not the short, as Gareth Porter explains. By Gareth Porter The…

While all eyes will be glued to the data avalanche unleashed by China's 'official' data creators in an hour, offshore Yuan is fading modestly, giving back half of the regulatory shift gains. PBOC injects another CNY155 billion and holds the Yuan fix 'steady' for the 8th day. Finally on the somewhat bright side following the CSRC shief's resignation, Shanghai margin debt has dropped for the 12th day in a row - the longest streak in 4 months.

Submityted by Jeff Desjardins vai The Visual Capitalist,

“I think ageing demographics is a bigger issue in China than people think. And the problems it creates should be become evident as early as 2016.” – Stan Druckenmiller, a 2013 quote

Over the last year, we’ve been very skeptical of the near-term potential for robust global economic growth.