Beware of robber banks (RB), bad advisors.
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Jam-Packed Week Ahead
The week ahead may be among the busiest of the year. There are important events every day that will shed light on three drivers of the ever-evolving investment climate, slower growth, softer prices, and trade tensions. The IMF revised down its forecast for world growth. Late last week, S&P increased the probability of a US recession in the next 12-months to 15-20% from 10-15%. Sweden and Switzerland joined Germany, Italy, and Japan to report contracting Q3 GDP. The recent official PMI from China suggests either new efforts to support the economy have not been implemented or are not having an impact (yet). At the end ... (full story)