Hard hitting global and local news
Last weekend, Jamil “Mal” Clay and Rory Farrell, former co-hosts of The Joe Budden Podcast, recorded an hour-long video explaining…
Visit site: Chicago PMI Contracts Again, 6th Time in 10 Months; Service Economy Poised for a Big Slowdown?
China manufacturing and services are both in contraction at the fastest rate since early 2009. The Caixin China General Manufacturing PMI shows operating conditions deteriorate at fastest rate since March 2009.
Continue Reading: Business Activity Contracts in Japan, Modest Expansion in China; PBOC Rate Cut Seen
Tweet Brian has a short post below describing the first large success 350.org has had convincing institutions to disinvest (somewhat like disrespect, a useful word that turns the stomach of the proper) in coal stocks. As the comments point out this went down a lot smoother because coal stocks are falling like rocks in a frothely rising market. The smart institutions have taken their losses, the dumber should and if you can get a bit of credit for it, well lagniappe is popular other places besides New Orleans.
Output and new orders contract at slower rates Staff numbers are cut for the sixth month in a row Solid reduction in both input and output prices Chinese manufacturers signalled a further deterioration in overall operating conditions during April.
Flash China Manufacturing PMIâ„¢ at 48.1 in March (48.5 in February). Eight-month low
Read the original post: Thaksin’s War on the 99% Continues – This Time Against the Handicapped
See the original article here: India Manufacturing PMI Contracts for First Time Since March 2009; Eurozone Manufacturing PMI 26-Month High…
See the article here: 10-Year Treasury Yield Up 100 Basis Points Since May; What’s That Mean for Mortgage Rates and…