Global Recession is here: Chinese consumer stops spending. China Home sales drop 42 % - Year over Year.

42 % drop in home sales is enormous. The Chinese consumer has stopped spending. China is the # 2 largest economy in the world. It’s housing market is the largest asset class in the world.

See also Prices rising everywhere. When do we rein in the relentless deficit spending that leads to inflation?

See also Government spending hits its highest share of GDP ever. BofA survey shows gold now least overvalued in 2.5 years

US is already in an undeclared recession.

Watch 1st 3 to 5 minutes for main details.