September 13, 2015
China Announces SOE Shakeup: Too Little Too Late to Matter
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Hard hitting global and local news
Hard hitting global and local news
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View article: Raging California Wildfires Force Evacuations; Governor Brown Declares State of Emergency
Please consider Russia Calls on US to Cooperate with its Military in Syria . Russia has called on the US to co-operate with its military in Syria to avert “unintended incidents†as Moscow boosts its forces in the war-torn country in what Russian foreign policy officials say is a bid to lead the battle against the Islamic State of Iraq and the Levant (Isis).
View original post here: The Troll Needs a New Bridge
Please consider Don’t Fret About the Data, China’s GDP Forecast to be Good News . “ The focus for the month of September will be strengthening economic propaganda and . . . promoting the discourse on China’s bright economic future and the superiority of China’s system ,†the party’s propaganda department said in a directive to national media outlets
In a big understatement of Illinois’ problem, a Crain’s Chicago headline reads Illinois IOUs Growing Fast, Could Pass $8.5 Billion by Yearend .
0.035 Baby Steps Plotted Fed fund futures imply a very slow tightening of 3-6 basis points a month. The only exception is January to February of 2017 where the incremental rise is 8 basis points (0.080 percentage points). The Fed does not set policy every month.
View article: Cross-Border Deflation: US Export Prices Collapse Most Since July 2009; How Damaging is Price Deflation?
Reuters reports China Deflation Fears Grow as Producer Prices Sink Most in Six Years . China’s manufacturers slashed prices at the fastest rate in six years in August as commodity prices fell and demand cooled, signaling stubborn deflation risks in the economy and adding to expectations for further stimulus measures