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Happy New Year! Posted by Michael Shedlock at 3:37 PM Disclaimer: The content on this site is provided as general information only and should not be taken as investment advice.
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Read more here: Snap Elections in Greece; 3-Year Bond Yield Tops 12%; Potential Cascade! Who Has the Upper Hand?
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More here: Gmail Dead in China, All Google Products Blocked; Reserve Currency Silliness Review
The Financial Times reports China Zombie Factories Kept Open to Give Illusion of Prosperity . In the shadow of a group of enormous smokestacks and abandoned foundries, a peeling sign welcomes visitors to the Wenxi Steel Industrial Park.
Spain to Issue €55 Billion in New Debt, 72% to Roll Over Existing Debt; Interest Rate Perspective Posted by Michael Shedlock at 3:24 PM Disclaimer: The content on this site is provided as general information only and should not be taken as investment advice. All site content, including advertisements, shall not be construed as a recommendation to buy or sell any security or financial instrument, or to participate in any particular trading or investment strategy. The ideas expressed on this site are solely the opinions of the author(s) and do not necessarily represent the opinions of sponsors or firms affiliated with the author(s).
More: Russia Debt One Grade Above Junk With Downgrades Coming, How Likely is Default?
More here: Russia’s Overnight Lending Rate Hits 19%, as Mistrust of Banks Spreads; Ruble Up Again
Original post: Pettis on Strains in China’s Banking System; Avoiding the Fall