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Monthly Archives: July 2013
Chinese PMI suggests accelerating demand contraction in July
China’s manufacturing for July contracted again, now at the lowest level in the past year. More stimulus to the rescue? The HSBC flash manufacturing Purchasing Managers’ Index, a survey of the crucial manufacturing sector published Wednesday, provides one of the … Continue reading
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Will Detroit start a wave of city bankruptcies?
Bloomberg Economic Editor Michael McKee examines whether Detroit’s bankruptcy will unleash a wave of municipal filings as cities shoulder massive debts and pension obligations. Here is a direct video link.
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Bad mix: record high prices and record low volume
Those who are mindful of unfavorable capital risk have long since sold incredibly overbought equity markets. Those that remain are wild west traders and those that are either oblivious, or thinking that they can surf the Fed’s liquidity wave and … Continue reading
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