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Argentine Federal Savings

NWO UN Bankrupt Argentina

The UN and NWO had their test run causing Argentina to totally collapse, then take over all their wealth and assets. film - And ...

The Finance 202: Voters send mixed messages on Wall Street regulation

As the midterm dust settles, this much is clear: The message voters sent Washington about Wall Street regulation is anything but clear. 

The results don't spell out any clear popular preference for the direction of financial regulation. And that's a rare point of agreement between banking lobbyists and advocates of stricter industry rules.

Consider the fates of the eight most vulnerable Senate Democrats who earlier this year helped pass the first major rollback of Dodd-Frank strictures since the financial crisis. Four of them pulled out victories on Tuesday; the other four went down to defeat. 

Or zoom in on Ohio. Two Democrats running statewide, each of whom cultivated anti-Wall Street bona fides, finished surprisingly far apart. Sen. Sherrod Brown, a populist critic of the industry and the top Democrat on the Senate Banking Committee, won reelection by more than a quarter-million votes; Richard Cordray, a former state attorney general who served most recently as director of the Consumer Financial Protection Bureau, lost by more than 180,000 votes.

The Global Impact Of A Chinese Recession

When China finally has its inevitable growth recession — which will almost surely be amplified by a financial crisis, given the economy’s massive leverage — how will the rest of world be affected? With U.S. President Donald Trump’s trade war hitting China just as growth was already slowing, this is no idle question.

Typical estimates, for example those embodied in the International Monetary Fund’s assessments of country risk, suggest that an economic slowdown in China will hurt everyone. But the acute pain, according to the IMF, will be more regionally concentrated and confined than would be the case for a deep recession in the United States. Unfortunately, this might be wishful thinking.

First, the effect on international capital markets could be vastly greater than Chinese capital market linkages would suggest. However jittery global investors may be about prospects for profit growth, a hit to Chinese growth would make things a lot worse. Although it is true that the US is still by far the biggest importer of final consumption goods (a large share of Chinese manufacturing imports are intermediate goods that end up being embodied in exports to the United States and Europe), foreign firms nonetheless still enjoy huge profits on sales in China.