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It seems the Chinese government stimulus is yet to kick in, from Marketwatch.com: China’s manufacturing down in March but off lows The business environment for Chinese manufacturers continued to deteriorate at a quick pace in March, though the drop was less severe than in preceding months, according to data released Wednesday. [...] Always worth listening to is Nassim Nicholas Taleb. He appeared on CNBC’s squawk box on Tuesday with Ariana Huffington. [...] The XAO shrugged off 6 straight months of losses in March to record it’s best monthly gain since June 2000 and it’s best March performance since 1988. Last month I noted the possibility for a bear market rally, something that had been noticeably absent since November. Early March saw a new low [...] US Home Prices continued to fall in January according to the latest Case-Shiller Home Price Indexes. The above chart shows the year over year declines in house prices, both the 10 city and 20 city indexes hit new record lows although the rate of decline is slowing. From the peak, the 10 city [...] Year over Year, Australian private sector credit growth hit a 15 year low in February up 5.4% from a year ago. Month over month private sector credit growth was flat. A breakdown of the headline numbers reinforces the view I have been reiterating for a while – that is that housing credit continues [...] If you don’t already I would implore you to read John Hussman’s Weekly Market Comments every Monday. Today, John weaves together several themes that he has been talking about over the past couple of years into a coherent strategy to address the current financial crisis. I will quote a few paragraphs here but I [...] From marketwatch.com GM chief Wagoner to resign at Obama’s request General Motors Corp. Chairman and Chief Executive Rick Wagoner is resigning from his leadership of the troubled automaker at the request of the Obama administration, reports said Sunday. Wagoner’s departure is part of the restructuring agreement between GM and the U.S. government, which will [...] Below are some of the more interesting stories that were doing the rounds toward the end of the week and over the weekend enjoy. If you came across something interesting that you think is worth reading, drop a link in the comments section, enjoy! Learning How to Think Great piece about the dismal track [...] Well-known Commercial Real Estate Magnate Don Peebles gives a less than flattering view on the future of commercial real estate. In a nutshell, a large number projects were undertaken with a huge amount of leverage and expectations of higher incomes and lower vacancy rates, that situation as we know has completely reversed and further [...] Ahhh now it all makes sense, thank you South Park for explaining the US Treasury’s policy making apparatus. Update: Had to add this clip, hilarious stuff, I need to watch more South Park, suddenly things are making a lot more sense. [...] |
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