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Continue reading here: China Manufacturing PMI in Contraction: New Orders and Operating Conditions Decline at Strongest Rate in a Year
Visit site: Credit Crunch Underway: Can Recession Be Far Behind?
Bloomberg reports Detroit’s Desire Is Named Streetcar in Transport Revival . Electric streetcars may roll Detroit’s streets again after 60 years in an attempt to use mass transit to resuscitate the bankrupt auto capital.
Original post: Pettis on Strains in China’s Banking System; Avoiding the Fall