January 18th, 2012 by Belisarius
The Big Picture: Google, Wikipedia, 1000s Go Black to Protest SOPA/PIPA
The Big Picture: Web Sites to Go Dark
The Big Picture: IMF wants more cash, glass half full or half empty?
FT Alphaville: Goldman in Q4…
FT Alphaville: China’s property sector goes from bad to worse
FT Alphaville: World Bank joins the gloomfest
FT Alphaville: The great Australian bond run
Calculated Risk: Industrial Production increased 0.4% in December, Capacity Utilization increased
the bonddad blog: The ECRI Weekly Leading Index, unmasked
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January 18th, 2012 by Belisarius
The consensus with which I agree is that the Euro zone is heading into a recession. While the economic activity has somewhat improved over the last months in the U.S. I remain doubtful whether the U.S. can escape the recession when Europe enters one. The data coming from China doesn’t (jet) point to a hard landing. For the time being it looks like that the Chinese government is in control. The measures to contain inflation and raising real-estate prices are successful, while in the same time China is has taken early steps to increase domestic consumption and re-balance the economy. One should not disregard and keep close watch on soft data coming from China especially in real estate and commodity related industries which are not reflected in the official data and could be pointing to serious issues.
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January 18th, 2012 by Belisarius
Jim O’Neill, chairman of Goldman Sachs Asset Management, talks about the growth outlook for China and the impact on the global economy. (Source: Bloomberg)
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January 17th, 2012 by Belisarius
FT Alphaville: Don’t worry, it’s normal for China’s GDP to appear a little weird
An American Perspective from China: BBC: China’s 2011 GDP Numbers
FT Alphaville: Is it a rally, or is it short covering?
FT Alphaville: Citi results disappoint
FT Alphaville: How will the world live with $100 oil?
The Big Picture: 2011: Disastrous Year For Mutual, Hedge Fund Managers
FT BeyondBRICs: UBS on EM equity: where you’ve made money or lost it, and how that will change
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January 17th, 2012 by Belisarius
Empire State Manufacturing General Business Conditions Index for Januray came out at 13.5 vs. 11.0 consensus and prior reading of 8.2.
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January 17th, 2012 by Belisarius
China retail sales rose 18.1% y-o-y in December vs. 17.3% November reading. Consensus was at 17.2%.
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January 17th, 2012 by Belisarius
China fixed asset investments were up 23.8% y-o-y in December; November reading was at 24.5%. Consensus was at 24.1%.
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January 17th, 2012 by Belisarius
Industrial production in China rose 12.8 % y-o-y in December; November reading was at 12.4%. Consensus was at 12.3%.
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January 17th, 2012 by Belisarius
China fourth quarter GDP rose 8.9%, vs. prior reading of 9.1% and consensus at 8.7%.
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January 16th, 2012 by Belisarius
Baltic dry index fell 21.8% last week; Capesize Index was down 25.2%; Panamax Index fell 17.8%; Supramax Index was down 12.7%; Handysize Index fell 4.7%.
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January 16th, 2012 by Belisarius
Baltic Dirty Tanker Index rose 3.0%; Baltic Clean Tanker Index rose 12.1%.
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January 13th, 2012 by Belisarius
Total collapse because of oversupply.
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January 12th, 2012 by Belisarius
U.S. retail sales rose 0.1% in December vs. 0.3% consensus. November reading was at 0.4% (revised from 0.2%). In 2011 retail sales were up 6.5%.
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January 12th, 2012 by Belisarius
The price of crude oil is shaped on one side with fears of global economic slowdown and on the other side western countries efforts to discourage Iranian crude oil buying. In my view, geopolitical risks are keeping the price high.
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January 12th, 2012 by Belisarius
China Consumer Price Index was up 4.1% in December, vs. 4.0% consensus and 4.2% November reading. Food inflation rose from 8.8% to 9.1%..
China Producer Price Index fell to 1.7% from 4.2% in November. Consensus was at 2.1%.
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