As people continue to wild trading in key global markets, the Godfather of newsletter writers, 90-year-old Richard Russell, warned that we are now living through the greatest coverups and explosions of lies and propaganda in history.
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Industrial giant United Technologies slashed its 2015 earnings forecast Tuesday due to the sharp slowdown in China’s real estate sector and disappointing aviation parts sales. Key areas of weakness included the Otis elevator business, which suffered from anemic demand in China and Europe, and weaker-than-expected plane parts orders. Activity has also been lackluster in UTC’s business for heating and cooling buildings, again due to a big decline in China.
