More signs of global recession

Bloomberg:  

China’s leaders signaled they will take further steps to support growth, including widening the fiscal deficit and stimulating the housing market, to put a floor under the economy’s slowdown.

Monetary policy must be more “flexible” and fiscal policy more “forceful” as leaders create “appropriate monetary conditions for structural reforms,” according to statements released at the end of the government’s Central Economic Work Conference by the official Xinhua News Agency on Monday. It said the fiscal deficit ratio should be raised gradually.

While the leadership also endorsed structural reforms and reining in China’s increasing reliance on credit, the macroeconomic policy statements indicated concern about letting the economy’s expansion slow too much.

Yes, the Chines economy seems to be growing at around 3%.
And this:

Political Calculations: One week ago, we described the pace of U.S. companies announcing that they would be cutting their cash dividend payments to their shareholders as being between "slow-to-slowing growth and contraction".

There's no in-between any more. Over the last week, the pace of dividend cut announcements has ramped up to where they have reached levels that are consistent with economic contraction occurring within the U.S. economy.

Watch the recession  predictions jump.