Global Macro Perspectives
News from the the future (2013): After receiving a 30% haircut Greece debt to GDP ratio is at 112%. Sustainable…o yeah.
More on ECB peripheral Europe bond purchases; help Tim from The Slope Of Hope win a Nissan LEAF.
China, next crisis and U.S. bank failures…
Baltic dry index fell 0.1% last week; Capesize Index was down 7.7%; Panamax Index rose 2.2%; Supramax Index rose 7.2%; Handysize Index was up 3.6%.
Stockpiles of iron ore and steel are falling, so we have no prof of falling demand in China (jet). I still expect Chinese buyers returning to the market and propping rates.
Important U.S. economic data; Important U.S. earnings this week.
Summary: Economy is barely expanding at a sustainable pace; Will print more money if needed.