John Lounsbury | TalkMarkets | Page 2
Managing Editor/Co-Founder of Global Economic Intersection
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John Lounsbury is the managing editor and co-founder of the Global Economic Intersection. Global Economic Intersection (Econintersect.com) focuses on the economic effects on finance, investing, social interactions, and politics/public policy. It features ...more

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Shanghai Opens Up Nearly 8%
Monday traders in Shanghai enthusiastically greeted the opportunity to take advantage of the Chinese government's determination to support the price of stocks.
Varoufakis Resigns
Mr. Varoufakis said that he considered "it my duty to help Alexis Tsipras exploit, as he sees fit, the capital that the Greek people granted us through yesterday’s referendum".
IMF: Trickle Down Economics Does Not Work
This is an exhaustive review of available data for a variety of empirical parameters examined across developed, developing and emerging economies. Factors reviewed include growth rates, education outcomes, personal income distributions and taxation.
China Struggles With Deflationary Pressures
China's consumer price index (CPI) increased 1.2% in May from a year earlier, according to China's National Bureau of Statistics, lower than the 1.3% median expectation from a Bloomberg survey and the 1.5% increase in April.
Japan: GDP Growth Revised Sharply Higher
The revised GDP estimate from Japan blew away both the preliminary estimate last month (2.4%) and the consensus market forecast (2.7%). The quarter-over-quarter increase was nearly 1%, which was 3.9% annualized.
China: Trade Numbers Crash
Chinese imports and exports fell sharply and unexpectedly in April, dashing hopes for a spring rebound to the country's relatively moribund foreign trade activities.
China GDP Growth Drops To New Low
For the year 2014 China's GDP growth dropped to a calendar year level not seen since 1990, 7.4%, missing the government's target of 7.5%.
Global Investment Banking Busted By Bank Of England
The Bank of England has published a research report that documents the parasitic activities of large investment banks with surgical precision. Reporting real numbers removes subjectivity from the picture.
China Manufacturing Contraction Gains Momentum
China's manufacturing sector reported the lowest PMI (Purchasing Managers' Index) reading in eleven months with a March 2015 HSBC/Markit "Flash" (preliminary) survey result of 49.2.
China: Record Trade Surplus
Chinese exports explode to a 48.3% year-over-year gain and the country booked a $60.6 billion trade surplus in February 2015. The February trade surplus bested the previous record of $60.0 billion recorded just one month earlier.
German Economy Strengthens
Lower oil prices and a weaker euro are being credited with boosting the German economy in the fourth quarter as private consumption rose 0.8%, capital investment jumped 1.2% and exports climbed 1.3% to lead a GDP increase of 0.7%.
Japan: Domestic Manufacturing Weakens
Manufacturing for domestic markets weakened in February according to the Flash (preliminary) Manufacturing PMI (Purchasing Managers' Index) for Japan in February 2015.
Japan: Exports Surge, Trade Deficit Shrinks
Japan's exports continued the up trend in January 2015 that started a year ago. The value of exports grew 17% over the level in January 3014.
Japan Exits From Recession
Japan reported growth for the fourth quarter 2014, following two quarters of GDP contraction following the 01 April consumption tax hike of 60% greater than the previous rate.
Zurich Turns The Euro Into Swiss Cheese
The Swiss National Bank shocked financial markets on Thursday by scrapping a three-year-old cap on the franc, sending the currency soaring against the euro.
The Treasury Magnet
Since we first wrote about Treasury yields 10 weeks ago, they have dropped below 2.20%, not once but four times. But they have never gotten down to 2.0%. What gives?
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