United States

Submitted by Elijah Magnier, Middle East based chief international war correspondent for Al Rai Media

Authored by He Huifeng via The South China Morning Post,

In an inglorious echo of 2007 America, many young homeowners in booming cities owe more than they earn, and some even falsify salary details to get bigger mortgages...

Nearly two years after the historic, and still mysterious "Shanghai Accord" which in early 2016 halted what at the time appeared to a global collapse in capital markets courtesy of what appears to have been unprecedented political, fiscal and monetary coordination between the developed world and China, on October 18 the world turns its attention to what is arguably the most important political event of the year, and the logical conclusion to the stabilization process which started with the Accord, when the Chinese Communist Party kicks off its 19th Party Congress, the political even

As is his way, Billionaire investor Warren Buffett calmed an anxious nation earlier this month with his comments that:

"Valuations make sense with interest rates where they are."

And it seemed to work as stocks hit new record highs and Americans have never, ever been more sure that stocks will continue rising for the next 12 months...

Why wouldn't they - Buffett knows all, right?

 The following artice by David Haggith was published on The Great Recession Blog:

Secretary of State Rex Tillerson says President Donald Trump wants him to push forward on diplomacy with North Korea “until the first bomb drops.” (Bloomberg)

Brilliant! That means until the first entire city is destroyed. At least, that is what it could easily prove to mean … unless he means until the US drops its first bomb.