Thursday, July 24, 2014

Thursday morning news

Here's some stuff:

Reformed Borker (Bork Bork Bork!) - 361 Capital weekly research briefing. I personally like the dropping correlations, because that is bullish for the market.

Gavyn Davies - another false alarm on inflation. He disagrees with Michael Shaoul.

Fiscal Times - it's easier to find skilled workers when you offer them a higher wage. By the way, the average income for a Chinese factory worker is $500 per month: how do you expect to find a skilled technologist in the USA when you're only paying 6 times that? Boy, it's going to suck for the Capitalist class when the globalization chickens come home to roost.

Reuters - as credit dries up, troubled Chinese steelmakers lose lifeline. Tangshan makes as much steel as the entire USA: I think that counts as overcapacity, don't you? - China's falling out of love with gold. Right in time for Friday OpEx? Did the market not notice this already?

BI - pro-Russia militant admits they shot down the airliner. Stick that in your pipe and smoke it, Shedlock you dumbass.

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