U.S. Economy in a Snapshot Overview of the July 2023 Snapshot: Q1 GDP Growth Slows but Remains Solid, Driven by Consumption, Government Spending, and Net Exports; June Sees Solid Payroll Growth and Slight Drop in Unemployment; Food-at-Home Index 25% Above its 2019 Average.

by Dismal-Jellyfish   https://www.newyorkfed.org/medialibrary/media/research/snapshot/Snapshot_July2023.pdf Overview of the July 2023 Snapshot GDP growth slowed: Q1 GDP was about .5% below what it would been if since Q42019, it grew at a rate close to long-term forecasts. Consumer real spending on services …

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One of China’s biggest state-run investors is adding to the chorus of warnings over debt risks at the nation’s cash-strapped developers and local government financing vehicles.

via YAHOO: The National Council for Social Security Fund, which oversees about $417 billion according to the latest available figures, has advised asset managers that handle its money to sell some bonds including those from riskier LGFVs and private developers …

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EU – Draft legislation will allow security agencies to spy on journalists through Spyware on phones, if a national government thinks it necessary

https://twitter.com/BernieSpofforth/status/1672916935376351233?ref_src=twsrc%5Etfw TWITTER – Backed into a corner now at a meeting with the EU commissioner and new CEO Linda Yaccarino. Censorship by August 25th … or else be in violation of the EU’s rules to rein in big tech. (Translated …

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