Tuesday, January 12, 2016
JP MORGAN PIDDLES SELVES AT CHINESE CAPITAL OUTFLOW BROADENING: it's the news
Here's some reading:
Gavyn Davies - there's no global recession starting, you sissies. Though to be fair, the Atlanta Fed's GDP Now looks terrible, and there's talk of a US contraction looming. Boy, that'll make Janet pretty ashamed, to have to admit that it's a bad idea to contract when Y isn't even above Y-bar.
New Deal Demoncrat - weekly indicators. Well, M1 M2 real estate loans tax withholding and Johnson Redbook are all still fine. He thinks we'll get a negative GDP print from inventory drawdown, though. But I'm sure Wall Street Whitey will interpret that constructively.
FT Alphaville - JP Morgan piddles selves at Chinese capital outflow broadening. Self-explanatory.
FT Alphaville - Peter Doyle on China. The star of Young Frankenstein gives us a good ol' bit of dooooomery. Pity he used to work at the IMF, otherwise I'd think he doesn't have his head up his ass about emerging market economies. I wonder what Mahathir Mohamad has to say about China nowadays?