It is the 15th of November 2018

News

The "Nightmare Scenario" For Beijing: 50 Million Chinese Apartments Are Empty

Back in 2017, we explained why the "fate of the world economy is in the hands of China's housing bubble." The answer was simple: for the Chinese population, and growing middle class, to keep spending vibrant and borrowing elevated, it had to feel comfortable and confident that its wealth would keep rising. However, unlike the US where the stock market is the ultimate barometer of the confidence boosting "wealth effect", in China it has always been about housing as three quarters of Chinese household assets are parked in real estate, compared to only 28% in the US, with the remainder invested financial assets.

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Israel Conducts Daring Special Forces Raid Deep Into Gaza, Kills Top Commander

Major Israeli operations occurred in the Gaza Strip in the night hours of Sunday during which Palestinian medical sources say at least 6 people have been killed in what was a daring Israeli elite forces raid that breached about 3 kilometers into Palestinian territory.

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Massive Florida Recount Begins Despite Questions Over Mystery Ballots

The first recounts in Florida's contested elections began Sunday morning in two large Tampa Bay counties, after the secretary of state ordered reviews of two nationally watched contests, reports AP

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Avenatti To Sue Tucker Carlson After Man Claims Assault; Tucker Says Daughter Called "Whore, C*nt"

Attorney Michael Avenatti has found his next wormhole into the national dialogue; investigating conservative foe and Fox News host Tucker Carlson over an October confrontation at a Virginia country club restaurant. 

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