Econintersect: Every day our editors collect the most interesting things they find from around the internet and present a summary "reading list" which will include very brief summaries of why each item has gotten our attention. Suggestions from readers for "reading list" items are gratefully reviewed, although sometimes space limits the number included.
Asian shares gain as China data, U.S. markets support (Investing.com) Strong economic news from China (exports jump) and Japan (GDP surges) supported Asian stocks Monday, but most markets gained less than 1%. European markets are also trading up as this is being published.
Copper Takes A Hit As Chinese Port Scandal Expands (Barry Norman, FX Empire) investigations are underway to determine if firms using copper as collateral for loans double counted batches. Copper has fallen by 5% with this scandal aided in its sell-off by the latest trade data which shows China imports declining. See GEI News for trade data details.
Doom & Gloom Sells (EconMatters) EconMatters contributes to GEI. This is a good discourse on how visions of looming disaster do not seem to abate when economic news improves. Yes, doom and gloom does sell in the media but it can "sell" your portfolio "down the river". Don't wear rose colored glasses but also don't put blinders on.
Can Central Planners Revive China’s Economic Miracle? (John Mauldin, Thoughts from the Frontline) John Mauldin has contributed to GEI. This contains an extended embedded article by Worth Wray, which is a thorough review of Chin's over-extended economy. There are many excellent graphics, a few reproduced below, showing over-capacity. (Annotations added by Econintersect.) See also China's Minsky Moment? (John Mauldin, Thoughts from the Frontline). Click on images below for larger view.
Today there are 11 articles discussed 'behind the wall'.
Six articles discuss personal income and debt data.
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