Hard hitting global and local news
Taken from: Industrial Production Jumps on Surge in Auto Production; Revisions and Seasonal Adjustments in Play
Retail Sales Exceed Expectations, Huge Upward Revisions Retail sales, led once again by autos, beat the Bloomberg Economic Consensus .
Reader Question: Is China a Currency Manipulator? Posted by Michael Shedlock at 5:59 PM Disclaimer: The content on this site is provided as general information only and should not be taken as investment advice
Following Saturday’s report Chinese Exports Slump Over Eight Percent , analysts expect more China stimulus. Chinese exports tumbled 8.3 percent in July, their biggest drop in four months and far worse than expected, reinforcing expectations that Beijing will be forced to roll out more stimulus to support the world’s second-largest economy. Imports also fell heavily from a year earlier, in line with market forecasts but suggesting domestic demand might be too feeble to offset the weaker global demand for China’s exports
See more here: Long-Term Treasuries Rally in Face of Increasing Odds of September Hike; Taper Tantrum in Reverse?
The IMF staff told the board of directors Greece Disqualified from New IMF Program .
See the article here: GDP Bounce: Disappointing Mixed Bag of Expectations and Revisions; Where to From Here?
See more here: Another Bridge Loan Likely as Greek Talks Break Down; Shocked Over Parallel Currency Plans? Why?
Actually, regulators were never in control in the first place. It only appears that way when things are going well. Shorts Not the Problem Shorts are not the problem here
Here is a lengthy snip from Bargo’s recent, well-written article Public Pensions Prove Zero Sum Economics . One of the major appeals in Democrat presidential campaigns is to explain to voters that they need Democrats in office to take money away from the rich. And since the rich own big corporations, they will pay workers as little as possible.