Capital Wave Forecast: The Fake Manufacturing Recession Narrative Is Scaring Investors: Don’t Buy into It

0 | By Shah Gilani

If you think the current “manufacturing recession” in the United States is going to sink the economy and the stock market, you’re not alone.

That’s exactly what some major media outlets are trying to plant in your head right now.

Consumers and investors are being inundated with bad news about manufacturing… and a lot of them are scared.

A New York Times headline from this summer 2019 pushed the idea that a manufacturing recession will infect the economy by saying, “U.S. manufacturing slowed in August in latest sign of economic weakness.”

The Los Angeles Times got on-board shortly after in October announcing, “Manufacturing is now officially in recession, despite Trump’s vow to boost economy.”

CBS upped the fearmongering stating the manufacturing recession as a fact and making it sound viral saying, “U.S. manufacturing is in a recession. What does that mean for the rest of the country?”

Back in July PolitiFact quoted a candidate for president as an expert with the statement, “Elizabeth Warren says manufacturing is in recession…”

Then in October CNN, the media source of all Breaking News, trumpeted, “US Manufacturing Looks Weak. That’s a Problem.”

Even Bloomberg Business got on the naysaying train in October suggesting, “Manufacturing in Recession Might Spread to U.S. Economy.”

And MSN, the blatant basher of good news, claimed, “US manufacturing in ‘technical recession’.”

The problem is that it’s all fake news…

Goldman Sachs’s 1MDB Costs Could Knock It Out of Banking Deals Around the World

1 | By Shah Gilani

We talked about this on Tuesday, and now there’s more news out about Goldman Sachs’s potential hit for its part in the 1MDB global scandal.

While Goldman and the U.S. Justice Department are reportedly negotiating a $2 billion fine and criminal rap for its Asian-based banker’s part in the sensational multi-billion scandal and theft of assets from a Malaysian sovereign wealth fund, Malaysia’s attorney general said last week he’s going after the bank for $8 billion to $9 billion.

Anything close to a $10 billion hit to Goldman would be devastating.

But, it wouldn’t be as bad as pleading guilty to criminal charges

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