THIS week, the print edition has a special report on China's economy written by Simon Cox. I highly recommend it. While you're looking that over, however, don't neglect the accompanying multimedia fare, including today's Daily chart, this conversation with Mr Cox, and the video below: read more
A busy week, with a bevy of significant data releases, starting with the already reported PMIs out of China and Europe (as well as unemployment and inflation numbers from the Old World), the US Manufacturing and Services PMI, another Bill Dudley speech on Tuesday, US factory orders, statements by the ECB and BOE, where Goldman's new head Mark Carney will preside over his first meeting, and much more in a holiday shortened US week. Monday, 01 July
Over the last year or so I've often screamed calmly noted that the unbiased, non-partisan folks at the Congressional Research Service (CRS) have repeatedly examined the US-China currency issue and have repeatedly found that significant appreciation of the RMB will have little effect on the US-China trade balance or overall US economic welfare.
Netflix Inc. is poised to pass HBO in paid U.S. subscribers, showing Chief Executive Officer Reed Hastings is making progress toward a goal of transforming the streaming service to a Web-based television network.
The Federal Reserve’s gradual exit plan from printing money has shifted the world’s central bank landscape and thrown financial markets into a spin.
The U.S. central bank has pumped $85 billion a month into its economy but has now said it will slow that rate and maybe halt it by mid-2014. The big worry for investors is that there is no playbook for stopping this unprecedented stimulus.
While the rest of the world was blissfully enjoying its latest reflation experiment, one country that has hardly been quite as ecstatic about all the blistering free money entering its real estate market (if not so much the Shanghai Composite) still warm off the presses of the G-7 central banks, has been China. Because China knows very well that while in the rest of the world, free money enters the stock market first and lingers there, in China the line between the reflating house market and the price of hogs - that all critical commodity needed to preserve social stability - is very thin.
If you haven’t read Amanda Steinberg’s Wall Street Jounal piece, “Princess Daughter Redux,” I highly recommend it. She calls for video games that will nurture “little girls into self-sufficient women.” She writes:
This year Bentley is celebrating two significant milestones, the 90th anniversary of the 24 Hours of Le Mans and the 10th anniversary of the automaker’s last overall victory in the classic endurance race.
SAN FRANCISCO (Reuters) - To mark the Cinco de Mayo holiday this year, Domino's Pizza festooned its Facebook page with a string of posts, including an image of a Mexican-themed guacamole pizza that garnered over 2,000 "likes".