CHINA CURRENT RATE OF PROFIT and US retail data filled with false positives.

Chinese GDP data was released shortly. GDP at 4.9% for Q3 came in below expectations of 5.2% and represented a mere 0.2% increase on Q2. The only data point to beat expectations was retail sales but that was to be expected when ‘official’ RPI data came in at a paltry 0.7% for September.

WILL THERE BE A SEVERE CORRECTION OR EVEN A STOCK MARKET CRASH THIS OCTOBER?

I have replaced the original posting because I failed to factor in subsidies when calculating the profit margins of US non-financial corporations. I have now corrected for this.

THE UK RATE OF PROFIT FROM BLAIR TO JOHNSON. Why a high wage economy is out of reach.