China Fixed Asset Investment. As always, the headline number has been smoothed too much and you get nothing out of it. The subcomponent has more info. Clearly, manufacturing is still under pressure.
Jon Hilsenrath was on CNBC last night and I believe he made news that most missed. Basically he said a September taper might not happen. Hilsenrath is the Federal Reserve’s mouthpiece and he clearly said last night that a September taper is not a done deal. 🔗 网页链接展开全文
FOMC adds a dovish touch to its July statement. Our central case remains for QE tapering starting in December. 鲁比尼研究中心：联储会议纪要比六月更显鸽派，预计今年12月QE退出计划会开始实行。转发 1评论 0
If this story pans out and European banks are holding the bag after Detroit filed for bankruptcy, can anyone name a bad investment/bankruptcy that did not blow up in a European bank’s face?展开全文
#Detroit & EU banks# After a series of disastrous investments in the 1980s and 1990s such as Pebble Beach and Rockefeller Center, the Japanese became the butt of many jokes. In the wake of the financial crisis European banks are similarly becoming the butt of jokes.转发 1评论 0
Consumer spending tends to be about 70% of US GDP and consumer spending was main driver of the 2.4% Q1 GDP number (some of this boost in consumption was likely due to the early Easter). Look for folks to be bringing down their Q2 GDP estimates based on today’s report.展开全文
For the last 9 or so months, the US consumer has been spending money that he/she doesn’t have…savings rates have fallen to 2.5% and debt levels have been creeping up. It was only a matter of time before reality hit.
#NAHB Market Index SA# surprised the market downward. It's the third consecutive month seeing the builders' confidence going down...Not because of the demand tho, it's more concerns over rising costs and supply issues. Nonetheless, negative for risky assets.展开全文
#China Vehicle Sales# The total number was not updated yet but the passenger car's number was just astonish... a lot of talking heads were referring to this number today. I'm just wondering how much is actually coming from the "inventory building up"? @全自动沈宁展开全文
What's up with this CNY 12-month forward move? quite significant. good economic data is one thing, but anything else...have a hard time sorting it straight. @全自动沈宁展开全文
"A free press that isn't afraid to ask questions, to examine and to critize"...."Our country depends on you...you help protect our freedom, our democray, and our way of life...."...展开全文
