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Well, as reported over the weekend on this blog, the EU Commission did in fact demand “more sacrifices” from the Greek people, and in the end Prime Minister Papandreou had to make a last minute TV appearance to explain to his incredulous listeners that the time [...]

ShareBelow is a Jim Chanos video on China now making the rounds in the financial blogosphere. 
Chanos says that most financial bubbles are the result of excess credit creation and believes that is exactly what we are witnessing in China.  Although Chanos sees serious overcapacity problems in China, he is not calling for a market [...]

ShareThis is a post which was originally published at A Fistful of Euros.
The global manufacturing expansion continued to gather momentum in January. Coming in at 56.1, up from 54.6 in December, the JPMorgan Global Manufacturing Purchasing Managers’ Index registered its highest reading for five and a half years. The latest improvement in overall operating performance [...]

ShareYou can be bearish and point to the potential for a double dip all you want (I certainly do). But to dismiss out of hand the huge uptick in manufacturing is just crazy.  These numbers are off the charts bullish.
 
Witness the latest manufacturing data from the ISM below:

The PMI is at 58.4, last seen [...]

ShareThis is a post which was originally published at A Fistful of Euros.
José Luis Rodríguez Zapatero, Spain’s prime minister, said in Davos this week: “We are a serious country and we will fulfil our promises.”

With these words Spain’s Prime Minister sought, during [...]

ShareThe eurozone’s manufacturing sector is growing at its fastest pace in two years.  However, there are dramatic differences in how manufacturing is faring within the eurozone which point to the currency as a major source for the loss of competitiveness in Greece, Spain and Ireland.
The eurozone manufacturing purchasing manager’s index came in at 52.4 for [...]

ShareBack in June I asked you all “When will the U.S. economy recover?.” The response was basically either “there will be no recovery to speak of” or “recovery is a long way off.” The poll results are embedded below.

I asked a similar question as the new year began since arguably a ‘technical recovery’ is underway. [...]

ShareThis comes from the up until New Year’s aptly-titled “News from 1930” website.  It’s now really News from 1931 as it chronicles news during the Great Depression from exactly 79 years ago to the day.
US car and truck exhibitors at the annual New York Show include:
GM – Buick (20 models, sees long hold-off in buying [...]

ShareThe December 2009 Manufacturing ISM Report On Business was released earlier today showing a reading of 55.9, the highest in nearly four years. This is the most recent of the many indicators demonstrating that the U.S. economy is in a cyclical recovery. Of note, inventories are now pointing to recovery as well. The inventories index [...]

ShareThe Census Bureau came out this morning with a report on “Manufacturer’s Shipments, Inventories and Orders” for October. The report was bullish as it showed new orders for manufactured goods rising for the sixth time in seven months. But, more importantly, it also showed that manufacturers are adding inventory which means that production is now [...]