Latest Sign of China’s Slowdown: A Technology Cash Crunch

"In private conversations, investors, entrepreneurs and economists admit that with the high debt level and a trade war with the United States, the room for government maneuvering is shrinking. The degrees of pessimism vary, but many of them are bracing for a tough ride ahead. They told me to change all my savings into gold, a risk-management measure for extreme times. They worry that the trade war will hurt the tech and the venture capital industries because they operate globally."

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Former Fed officials lament taxpayers’ inability to see necessity of bank bailouts

"The three asserted that they had no choice but to use taxpayer money to stabilize the financial institutions. Paulson said, 'I was totally ineffective at having the American people understand that what we were doing was for them and not for Wall Street.'"

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Yellen Says Prices `High’ for Stocks, Commercial Real Estate

"Outgoing Federal Reserve Chair Janet Yellen said U.S. stocks and commercial real estate prices are elevated but stopped short of saying those markets are in a bubble. 'What we look at is, if stock prices or asset prices more generally were to fall, what would that mean for the economy as a whole?' Yellen said. 'And I think our overall judgment is that, if there were to be a decline in asset valuations, it would not damage unduly the core of our financial system.'"

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China promises bank rescue in next crisis

"China’s financial regulator has vowed to rescue the Chinese banking system immediately to avert a banking crisis when the bubble bursts, issuing a blanket guarantee that no major institution will be allowed to fail. Beijing says it has studied the errors that led to the Lehman crisis in the 2008 and will not allow a chain reaction to occur, even if this means paying a price in terms of lost economic growth and dynamism."

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