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South Africa Unexpectedly Plunges Into Recession

South Africa Unexpectedly Plunges Into Recession

Despite expectations (among 19 'economists') that growth would be up 1.0% in Q1, South African GDP tumbled 0.7% (the second drop in a row) pushing the nation back into recession after eight years.

The median of 19 economists’ estimates in a Bloomberg survey was for 1 percent expansion. There was only one forecast for a contraction. This was a four standard deviation miss...

 

Indicating contraction for the second quarter in a row - technically signaling a recession -  as all bar two industries shrank.

Mass Immigration & The Looming Disappearance Of The Dutch Population

Mass Immigration & The Looming Disappearance Of The Dutch Population

Via GEFIRA,

A change in demographic trends takes 50 year before they become plainly visible. The decline in fertility in the sixties started to become visible after 50 years. Cerberus, our population simulator, shows with scientific precision that the replacement of the European society has started, and within 50 years it will be visible and irreversible.

One Belt, One Road, And One Debt Hangover

One Belt, One Road, And One Debt Hangover

Autohred by Jim Rickards via The Daily Reckoning,

China is not only one of the world’s largest debtors, it is one of the world’s largest creditors.

China uses debt not in the customary financial manner, but as a political tool to generate employment and maintain social stability. Likewise China uses loans and investment as a tool to advance its strategic interests. This may be good geopolitics in the short run, but it will be a disaster economically in the long run.

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