China may very well be able to power at least some parts of the world out of Great Depression 2.0:
Closer to home, banks are still plagued with problem assets just waiting to blow up:
Wall Street's odd rally of late is beginning to peter out precisely because news like this keeps leaking out.
It should be clear by comparison of macroeconomic news why I'm long FXI and short calls on SPY.
China's exports, retail sales and factory output improved in July, the government said Tuesday, adding to spreading signs the global economy might be recovering from its worst downturn since the 1930s.
Closer to home, banks are still plagued with problem assets just waiting to blow up:
In its latest assessment of the $700 billion financial system bailout, the Congressional Oversight Panel warns that banks still hold many risky loans of uncertain value. If unemployment rises sharply or the commercial real estate market collapses -- as many economists fear -- the banking system could again lose its footing, the panel says in a report to be released Tuesday.
Wall Street's odd rally of late is beginning to peter out precisely because news like this keeps leaking out.
It should be clear by comparison of macroeconomic news why I'm long FXI and short calls on SPY.
