- Published on Oct 29, 2015
UK property bubble is now set to burst. The initial jobless claims are the lowest since 1973, at the same time layoffs, business closures and retail contractions are at an all time high. Deutsche Bank will layoff 35,000 employees. Pending homes sales plummet, this following the decline in new home construction and existing home sales. The 3rd quarter GDP came in at 1.5 and the main driver was Obamacare penalties. Goldman Sachs reports that the manufacturing decline is now contained, heard this before, now its time to really worry.The US budget deal will allow the Government to robo call those who owe money. China and Germany are now setting up a yuan denominated exchange in Germany.