Thứ Sáu, 27 tháng 10, 2017

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One of the major storylines of 2016 was concern about China's economic growth,

with talk about a hard landing being commonplace.

A deliberate effort to weaken the currency by the People's Bank of China

set off new worries that the country's appreciating currency over the previous decade

was slowing business down more than desired.

As a result, investors wondered if China's continued economic growth was in peril.

In hindsight, the fears about China's slowdown were misplaced.

The Chinese economy continues to grow strongly,

and its emerging consumer class will naturally generate more modest growth than the manufacturing sector,

which is driven by exports.

But even at a slower pace of expansion, China has an incredible growth potential.

For years, China's double digit growth was largely attributable to exports and government-led investment,

with the consumer being a relatively small part of the story.

Today, leaders in China have been actively rebalancing the economy to be more sustainable,

away from exports and government-led infrastructure toward a more consumer-driven economy.

Inevitably, this rebalancing would lead to a slower growth in China than we've seen in the past.

However, even a slower growth China still adds the equivalent of one G20 country every year.

The rise of the Chinese consumer is one of the most important megatrends in the global economy today,

with over 1.3 billion people and a rapidly growing middle class.

Chinese consumers are also very technology savvy with over 700 million Internet users,

95 percent of which buy online.

As in any developing economy, growth in China is not going to follow a straight line.

China is a highly regulated, complex operating environment

and there will be challenges as it follows a more consumer-led path.

In the past, companies investing in China focused largely on developing supply chains

and streamlining the mass production of goods for export.

But as the consumer sector begins to dominate,

international firms recognize the power of China's new consumer markets

and are investing in building their domestic Chinese brands and local presence.

Companies that are tapped into the Chinese consumer market could see potential rewards in the future.

For more infomation >> Expect Continued Growth in China | J.P. Morgan - Duration: 2:51.

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Cloud, Containers, and Kubernetes over Coffee with Carter Morgan - Duration: 11:57.

For more infomation >> Cloud, Containers, and Kubernetes over Coffee with Carter Morgan - Duration: 11:57.

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Jeffrey Dean Morgan Thinks Norman Reedus is a Creeper - Duration: 1:40.

For more infomation >> Jeffrey Dean Morgan Thinks Norman Reedus is a Creeper - Duration: 1:40.

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Jeffrey Dean Morgan on The Walking Dead - Duration: 1:17.

For more infomation >> Jeffrey Dean Morgan on The Walking Dead - Duration: 1:17.

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Jeffrey Dean Morgan Accidently Revealed Baby's Gender - Duration: 4:30.

For more infomation >> Jeffrey Dean Morgan Accidently Revealed Baby's Gender - Duration: 4:30.

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MORGAN STANLEY: These 19 stocks that could get cut in half — or worse - Duration: 8:27.

MORGAN STANLEY: These 19 stocks that could get cut in half — or worse

Wichita States Gregg Marshall cuts down the nets.

Harry How/Getty Images.

Morgan Stanley has released the stocks its analysts think could lose more than half their value in the next 12-18 months.

These secularly challenged stocks, as the bank calls its Wednesday report, are quite diverse, but a major portion of the list are retail chains.

 The industries Morgan Stanley analysts are most bearish on span from mall-based clothing stores like Abercrombie & Fitch and American Eagle, to big box chains like Target, and even financial services companies like Western Union.

Our economics teams longtime base case of a synchronous global recovery, modest increases in inflation pressures, and a gradual removal of monetary policy accommodation has now been embraced, by and large, by the consensus.

While the report is quite pessimistic, it's important to note that the possible drops are analysts bear cases, or worst-case scenarios for the companies.

To compile the list, Morgan Stanley's equity research team started with the full list of stocks its analysts rate as underweight.

The bank then focused on stocks with an unfavorable risk-reward skew, looking for stocks where the cons outweighed the pros.

Here are the 19 stocks Morgan Stanley says stand to lose the most from secular pressures in the next 12-18 months:.

Tenneco Markets Insider Ticker: TEN Sector: Consumer Discretionary/Industrials  Downside to bear: 53.1% Market cap: $3.41 billion Year-to-date performance: +003% Source: Morgan Stanley 18.

BorgWarner Inc.

Markets Insider Ticker: BWA Sector: Consumer Discretionary/Industrials Downside to bear: 54% Market cap: $11 billion Year-to-date performance: +28.93% Source: Morgan Stanley 17.

United Parcel Service Markets Insider Ticker: UPS Sector: Transportation Downside to bear: 54.1% Market cap: $103.8 billion Year-to-date performance: +303% Source: Morgan Stanley 16.

American Eagle Outfitters Markets Insider Ticker: AEO Sector: Retail Downside to bear: 55.6% Market cap: $2.39 billion Year-to-date performance: -10.35% Source: Morgan Stanley 15.

Myriad Genetics Markets Insider Ticker: MYGN Sector: Healthcare Downside to bear: 570%  Market cap: $2.41 billion Year-to-date performance: +98.94% Source: Morgan Stanley 14.

Juniper Networks Markets Insider Ticker: JNPR Sector: Technology Downside to bear: 57.7%  Market cap: $9.90 billion Year-to-date performance: -14.1% Source: Morgan Stanley 13.

CBL & Associates Properties Markets Insider Ticker: CBL Sector: Property Downside to bear: 58.3% Market cap: $201 billion Year-to-date performance: -28.39% Source: Morgan Stanley 12.

Waddell & Reed Financial Markets Insider Ticker: WDR Sector: Financial Downside to bear: 61.1% Market cap: $1.72 billion Year-to-date performance: +0.15% Source: Morgan Stanley 11.

Norfolk Southern Markets Insider Ticker: NSC Sector: Transportation Downside to bear: 62.3% Market cap: $38.26 billion Year-to-date performance: 20.28% Source: Morgan Stanley 10.

Imperva Markets Insider Ticker: IMPV Sector: Technology Downside to bear : 620% Market cap: $1.51 billion Year-to-date performance: +13.16% Source: Morgan Stanley 9.

Waddell & Reed Financial Markets Insider Ticker: TEVA Sector: Healthcare Downside to bear: 66.4% Market cap: $18.76 billion Year-to-date performance: -62.86% Source: Morgan Stanley 8.

American Axle & Manufacturing Holdings Markets Insider Ticker: AXL Sector: Consumer Discretionary/Industrials Downside to bear: 67.9% Market cap: $208 billion Year-to-date performance: -6.57% Source: Morgan Stanley 7.

DSW Markets Insider Ticker: DSW Sector: Retail Downside to bear:  70.6% Market cap: $1.50 billion Year-to-date performance: -0.71% Source: Morgan Stanley 6.

Bioverativ Markets Insider Ticker: BIVV Sector: Healthcare Downside to bear: 71.8% Market cap: $6.52 billion Year-to-date performance: 30.51% Source: Morgan Stanley 5.

Hawaiian Holdings Markets Insider Ticker: HA Sector: Transportation Downside to bear: 73.6% Market cap: $2.18 billion Year-to-date performance: -35.98% Source: Morgan Stanley 4.

Castlight Health Markets Insider Ticker: CSLT Sector: Healthcare Downside to bear: 54.1% Market cap: $327.28 million Year-to-date performance: -14.14% Source: Morgan Stanley 3.

Abercrombie & Fitch Markets Insider Ticker: ANF Sector: Retail Downside to bear: 85.5% Market cap: $921.19 million Year-to-date performance: +17.96% Source: Morgan Stanley 2.

Avis Budget Group Markets Insider Ticker: CAR Sector: Consumer Discretionary/Industrials Downside to bear %:  Market cap: $3.41 billion Year-to-date performance: +9.75% Source: Morgan Stanley 1.

Gogo Markets Insider Ticker: GOGO Sector: Telcom services Downside to bear: 90.6% Market cap: $924 million Year-to-date performance:+5.54% Source: Morgan Stanley.

For more infomation >> MORGAN STANLEY: These 19 stocks that could get cut in half — or worse - Duration: 8:27.

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Piers Morgan: Scream snowflakes, but Trump may win again | news 24h - Duration: 12:03.

Scream all you like, snowflakes, but if you don't get your s**t together soon, Trump's going to be your President for another seven years

In two weeks it is the first anniversary of Donald Trump's astonishing US election victory.

To 'celebrate', thousands of Trump-hating liberals in cities like Boston, New York and Philadelphia are planning a day of protest in which they will go outside, stare upwards and shout their little heads off in rage.

I'm not joking.

The planned event is actually titled on Facebook: 'Scream helplessly at the sky on the anniversary of the election'.

Organizer Johanna Schulman told Newsweek: 'This administration has attacked everything about what it means to be an American.

Who wouldn't feel helpless every day?'.

Well, let me try to explain, Johanna, if you haven't already started preemptively screaming.

There are tens of millions of Americans right now who don't feel helpless at all.

In fact, they've never felt happier that they've finally got a guy in the White House who THEY believe stands up for THEM.

They don't share YOUR view of what it means to be an American.

They share Trump's view, because it's THEIR view.

That's why he was elected President, and that's why I am beginning to think he will be comfortably re-elected in 2020.

For those who think I've gone completely mad, here is what I told British GQ magazine in September, 2015, when they asked me: Who will win the US election?.

'I think Donald Trump will win the Republican nomination,' I answered.

'The Democrats will only stand a chance of beating him if they ditch Hillary Clinton, who is now a busted flush, and go with Joe Biden, possibly with Elizabeth Warren as his running mate.'.

So, putting my Nostradamus hat on again, here are 10 reasons why I think Trump can pull it off again:.

1) He's the most resilient, uncompromising man in America.

Love him or loathe him, Trump hasn't changed or pivoted one iota from the candidate who ran for office.

He is both absurdly thin-skinned AND absurdly thick-skinned – incapable of ignoring any slight, however small, but also showing quite extraordinary strength of character in repelling what even Jimmy Carter just called the most frenzied media attack on a serving president in US history.

Yes, Trump's an inveterate bulls**tter, the by-product of life as a shameless salesman, but to date he hasn't lied us into an illegal war like one of his most recent critics George W.

Bush did in Iraq – so political fibbing is all relative.

2) Trump's enemies are bailing out from the fight like conscientious objectors in the war.

Yesterday, two Senators, Bob Corker and Jeff Flake made grandiose media-grabbing attacks on the President, effectively branding him a lying useless goon.

Both are standing down, and in (Snow) Flake's case, he's only doing so because he knows he's going to get an absolute drubbing in the next election.

This, remember, is a guy so principled that he wrote to a Sandy Hook relative saying he agreed with her about introducing background checks on gun sales, then voted AGAINST it just months later.

That was a major reason why his poll numbers collapsed.

So spare me the sanctimony now, Senator.

You're a fraud.

3) Hollywood's liberal elite, Trump's most vociferous, influential and vicious opponents, have exposed themselves to be a bunch of shocking hypocrites whose high moral and ethical plinth now lies in a pile of ruins.

The Weinstein scandal was just the tip of the unedifying iceberg.

Today we learned that Woody Allen, a man who ran off and married one adoptive daughter and was accused of sexually abusing another adoptive daughter when she was just seven, is currently making a movie about a pedophile who preys on a 15-year-old girl.

Meanwhile, Trump's most indignant Hollywood opponents like Meryl Streep continue to celebrate convicted fugitive child rapist Roman Polanski.

Middle America is watching all this and thinking: 'Don't you lot DARE lecture us about anything ever again.'.

4) The Democrats don't have anyone yet who can run against Trump and actually beat him.

Say what you like about the man but he's proven himself to be a formidably fierce political campaigner who wipes away opponents with the flick of a mocking 'Low Energy Jeb' nickname switch.

My preferred choice last time, Joe Biden, will be 78 by 2020 – surely, sadly, too old by then to mount a winning challenge? If not Joe, then who? The clock is ticking.

5) Hillary Clinton's still hanging around like a malodorous failure to remind everyone on a daily basis of the world's biggest and most shocking political defeat.

Her global loser tour, in which she continues to blame everyone but herself, is a vote-destroying disaster for the Democrats.

She needs to be pushed out into the political long grass, but who will tell her? Every day Hillary stays in the limelight is another win for Trump.

Today, it was shockingly revealed that after all her pontificating about Russia, it was 'Halo' Hillary who secretly paid for the dirty Russian dossier on Trump to try to smear him.

She'll collude with the worst of them when it suits her, and voters know it.

6) Trump's doing very well with the crucial election-deciding issue: the economy.

The stock markets keep roaring to record highs (Lest we forget, top liberal economist Paul Krugman told us on election night, when the markets tanked, that they would never recover under Trump!), growth continues around a steady 3%, and unemployment numbers have fallen consistently in the past year.

If Trump gets his game-changing tax plan through, and I think eventually he will, then the US economy will likely surge forward just in time for his 2020 campaign.

As Reagan and Clinton proved, when an incumbent president runs with a strengthening economy behind him, he's pretty much unbeatable.

7) His base is rock solid.

The polls suggest everyone who voted for Trump last time would do so again.

I've spent time down in states like Florida and Texas recently and they're revelling in Trump's presidency.

Everything the screaming liberals loathe about him, from The Wall and travel ban to his 'Fake News!' mantra and attack on kneeling NFL players, they love.

8) On the foreign stage, far from being the disaster that Corker and Flake claim, I'd argue that Trump's proven himself to be rather effective in re-establishing America's status as the world's No1 superpower.

He slapped Syria dictator Bashar al-Assad round the chops when he tested him with a chemical weapons attack, he's got ISIS on the run from places like Raqqa exactly as he promised, and he's stood up to North Korean lunatic Kim Jong-un and told him if he messes with America, he and his country will be vaporized.

I very much doubt bellicose self-preservationist Kim will now test that theory.

Trump's visits to places like Saudi Arabia, Poland and France were all huge successes, and I confidently predict now that his trip next week to Japan and China will be too.

For all his faults, Trump's a world-class schmoozer when he needs to be, and a savvy negotiator.

By all accounts, most foreign leaders have enjoyed their interactions with him.

9) Trump's Twitter feed continues to dominate the world's news agenda.

It remains astonishing that a 70-year-old man is the best social media practitioner on the planet, but he is.

Trump uses his tweets to refute damaging stories, promote positive ones, take down enemies and talk up friends.

More importantly, he's been able to by-pass mainstream media to get HIS message out to millions of people, exactly how HE wants to, and in an often brutally frank manner that his supporters thoroughly enjoy.

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