The 2008 housing bust suggests China’s only halfway through its property crisis. Here’s how the downturns compare.

The 2008 US housing market crash stands as one of the worst collapses in economic history — and its lessons remain relevant as China deals with its own real estate crisis. Beijing is facing a narrow policy path toward an economic rebound this year, and the International Monetary Fund has warned that the country is …

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The Core! US PCE Core Deflator Remains High At 4.6%, Spending Slows (Taylor Rule Suggests Fed Funds Target Rate Of 10%, Halfway To Target!!)

by confoundedinterest17 The film “The Core” was a silly film, but core inflation in the US is a serious problem for the middle class and low-wage workers. It remains elevated despite Treasury Secretary Janet “The Marxist Gnome” Yellen saying it was “transitory.” Looks pretty permanent to me! The Federal Reserve’s preferred measures of US inflation …

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Starbucks has banned Pride decorations in its stores halfway through Pride Month

Starbucks Is Banning Pride Decorations, Workers Union Alleges Starbucks has banned Pride decorations in stores halfway through Pride Month, the company’s workers union claimed Tuesday. If true, it would be a stunning cave to far-right anti-LGBTQ fury—but the coffee chain denies that any such policy is in place. There has been a wave of ultra-conservative …

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