February 26, 2013
China Overheating? Biggest Weekly Cash Drain in History; Questions Surface Over Chinese Growth Numbers
Please consider China’s Premature Overheating .
Hard hitting global and local news
Hard hitting global and local news
Please consider China’s Premature Overheating .
"Great Rebalancing" Book Review: Two Thumbs Up; Investment Ideas for Unconventional Times With much pleasure, I highly recommend Michael Pettis’ newest book " The Great Rebalancing ". Pettis’ book covers global trade issues with a focus on current events in Asia, Europe, the United States, and the commodity producing nations. Read the book and you will see that much of the "common wisdom" espoused by others on global trade issues is not "wisdom" at all
Looking for evidence of rebalancing in Europe? Don’t look here: German 2012 trade surplus soars despite weak December reports Germany’s trade surplus was the second highest in more than 60 years in 2012, pointing to an underlying resilience in Europe’s largest economy, although both imports and exports disappointed in the last month of the year
December 20, 2012 : France Faces Growing Pension Deficit; French Youth Lose Hope; Politicians in Denial; Bond Market Patience Can’t Last Illusion of Eurozone Stabilization There is no real stabilization and there is no healing.
Taken from: Driverless cars, high speed rail, and climate comedy
View article: Cameron’s Cursed Speech Postponed Again; Why Bother? Passionate Plea to Exit; Nothing Better Than Something
The New York Times reports Renault, Adjusting to Europe’s Declining Market, Will Cut 7,500 Jobs France’s ailing industrial sector took another blow on Tuesday when Renault said it planned to cut 7,500 domestic jobs by 2016, or about 17 percent of its French labor force, as it adjusts production capacity to the crushing downturn in the European car market. Of the 135,000 people Renault employs worldwide, more than 44,600 work in France. Ms.
Original post: By Design: French Mali Invasion Spills into Algeria
Bloomberg reports Draghi’s Bond Rally Masks Trapping Spain Debt Doom Loop . The bond rally has sent Spanish borrowing That costs to 10-month lows has distracted attention from the nation’s growing debt pile. Spain’s budget deficit probably exceeded 9 percent for a fourth year in 2012 as Europe ‘s highest unemployment rate, a third recession in four years and the cost of bailing out its banks offset almost all of the government’s 62 billion euros ($ 83 billion) of spending cuts and tax Increases, According To Economists at Societe Generale SA (GLE) , Lombard Street Research and the Madrid-based Applied Economic Research Foundation.
Continue Reading: France, the Hidden Zombie in Europe