Is a New Recession Coming?


U.S. Department of Commerce: Real gross domestic product increased at an annual rate of 0.1 percent in the first quarter… In the fourth quarter, real GDP increased 2.6 percent.
Forbes: Recession And Bear Market Ahead?
The almost unanimous view of economists just two months ago was that the U.S. economy would strengthen and finally have a real recovery this year. ...

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Soros Sells Out Banking Stakes


Soros Fund Management LLC sold out of holdings in several banking giants in the first quarter, including J.P. Morgan Chase&Co., Bank of America and Citigroup, as it reported by Wall Street Journal. The exits come only a quarter after the fund had purchased stakes in J.P. Morgan and Citi (2.8 and 2.3 million shares). The prominent fund also eliminated its ...

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Russia and China Drive Nails Into Dollar’s Coffin


Russia’s second-largest financial institution, bank VTB, signed an agreement with the Bank of China on May 20 agreeing to bypass the U.S. dollar and instead pay each other in their domestic currencies. Chinese President Xi Jinping and Russian President Vladimir Putin, who remarked that this was a “new historic landmark” in the $100 billion of annual trade between the two ...

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Website of MMM Global


Today the website of MMM Global has started its activity. In its headings we tried to summarize the main points of MMM movement and unite its ideological and organizational basis with work tools of this new branch of worldwide system of hands-on assistance. Our audience is mostly the population of Western hemisphere, mainly European countries and Latin America. But, of ...

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