econintersect.com
  • 토토사이트
    • 카지노사이트
    • 도박사이트
    • 룰렛 사이트
    • 라이브카지노
    • 바카라사이트
    • 안전카지노
  • 경제
  • 파이낸스
  • 정치
  • 투자
No Result
View All Result
  • 토토사이트
    • 카지노사이트
    • 도박사이트
    • 룰렛 사이트
    • 라이브카지노
    • 바카라사이트
    • 안전카지노
  • 경제
  • 파이낸스
  • 정치
  • 투자
No Result
View All Result
econintersect.com
No Result
View All Result

What We Read Today 08 May 2014

admin by admin
5월 8, 2014
in 미분류
0
0
SHARES
0
VIEWS

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.

  • Trade data relieve pressure on Beijing (Lucy Hornby, Financial Times) China’s exports returned to modest year-over-year growth in April after a disastrous 6.6% decline in March. In the most recent month both imports and exports grew from April a year earlier by nearly 1%. The balance of trade was positive at $18.45 billion. See balance of trade graph from Trading Economics after the Read more >> jump. after

china-balance-of-trade-2014-april

The year-over-year comparisons for exports have been problematic so far in 2014 because for January through April 2013 there were rampant faked exports on the books for the purpose of effecting hot money transfers into China. Starting with May the comparisons to 2013 will have more meaning.

  • US slams China over Vietnamese vessels dispute in South China Sea (Demetri Sevastopulo and Geoff Dyer, Financial Times) The Obama administration condemned China’s placement of an oil rig in waters near Vietnam claimed by China. Vietnam also claims that Chinese vessels have rammed its vessels in waters near the Paracel Islands which China has occupied and is building a cruise ship port and resort. The Philippines have reported captured a Chinese fishing vessel in Philippine waters. For background see China Reaching for Control of Oil (GEI News, 11 June 2011) and China’s Expanding Border Causing Alarm (GEI News, 30 March 2013) which include maps, including the 1947 Chinese map (with the famous eleven dashes) which is used as a unilateral claim for Chinese ownership of the entire South China Sea which borders Vietnam, Malaysia and the Philippines.
  • The declining dollar: Why everyone got it wrong (Sara Eisen, CNBC) The dollar has been declining in 2014, the year virtually everyone predicted would see a rising dollar. One reason is weaker than expected economic data (1Q GDP near zero) and a second is a stronger than predicted treasury market. The surprising strength of government securities markets in Europe (discussed ‘behind the wall’ yesterday) as well as the U.S. has put pressure on both the euro and the dollar. Eisen concludes her article:

Fundamentally speaking, strategists say it will take a much stronger economy, and therefore higher interest rates, to move the dollar higher-which, at least at the moment, doesn’t appear to be imminent. Until then the dollar could continue its weakening ways.

Short-term risks for dollar bears include any mention of higher interest rates or enthusiasm for the economy from Yellen in testimony on Capitol Hill Wednesday and Thursday or easier policy from the European Central Bank on Thursday.

  • German Stocks Little Changed After Factory Orders Miss (Trista Kelly, Bloomberg) Hat tip to Pedro de la Costa. This is a confusing story. Keely writes that manufacturing orders fell unexpectedly (-2.8%) in March because economists had forecast a 0.3% gain. A negative print for March should not have been out of the question since March PMI (Purchasing Mangers’ Index) for private sector manufacturing fell sharply to a five month low of 53.0. It was above 50 but it was down sharply from 55.9 in February. With a rebound to 54.7 in April it is likely that factory orders increased significantly in April. It is no wonder that German stocks were little changed. There really was not much new here.
  • Germany’s Private Sector extends its Gains for the 12th Consecutive Month in April (Lindsey Taylor, FX Empire) This is repeated from yesterday’s WWRT. Germany’s PMI (Purchasing Managers’ Index) surged for the 12th straight month in April with a reading of 56.1, up from 54.3 in March. A sub-sector reading that tracks only the private sector was at 54.7 up from a five-month low in March (53.0). Employment numbers continued to grow, as did output. See GEI News for PMI review for entire Eurozone.
  • End The War On Drugs, Say Nobel Prize-Winning Economists (Matt Ferner, Huffington Post) See also Ending the Drug Wars (GEI News) and The Economic and Social Case for Legal Recreational Drugs (GEI Analysis), both published today.
  • Why the Financial Media and Housing Pundits Got It Wrong (Logan Mohtashami) This good article did not make the ten article discussion on U.S. housing ‘behind the wall’ yesterday. The author points out that the weakness in housing is primarily due to labor market factors (too many still not employed and for those that are, too many low paying jobs). He also says housing market internals are weak (too high percentage pay cash and first time home buyers are missing). Lending standards are very loose, he says, and that is not the cause of market weakness. He says the following graphic shows the relationships he has cited:

housing-income-employment-logan-mohtashami-2014-may-05

Today there are 14 articles discussed ‘behind the wall’.

Please support all that we do at Global Economic Intersection with a subscription to our premium content ‘behind the wall’.

You get a full year for only $25.

The rest of the post is for our premium content subscribers – Click here to continue reading. If you have forgotten your login or password – send an email to info at econintersect.com.

 

Previous Post

Ending the Drug Wars

Next Post

The Economic and Social Case for Legal Recreational Drugs

Related Posts

Bitcoin Is Finally Trading Perfectly Like 'Digital Gold'
Economics

Bitcoin Is Finally Trading Perfectly Like ‘Digital Gold’

by admin
Namibia Will Regulate And Not Ban Crypto With New Law
Finance

Namibia Will Regulate And Not Ban Crypto With New Law

by admin
6,746 ETH Valued At $12M Was Just Burned
Economics

6,746 ETH Valued At $12M Was Just Burned

by admin
Bitcoin Is Steady Above $29,000 Awaiting US NFP Figures
Economics

Bitcoin: What Next After Consolidation Ends?

by admin
US Government Offloads Another 8,200 Bitcoin – On-chain Data
Economics

US Government Offloads Another 8,200 Bitcoin – On-chain Data

by admin
Next Post

The Economic and Social Case for Legal Recreational Drugs

답글 남기기 응답 취소

이메일 주소는 공개되지 않습니다. 필수 필드는 *로 표시됩니다

Browse by Category

  • Business
  • Econ Intersect News
  • Economics
  • Finance
  • Politics
  • Uncategorized

Browse by Tags

adoption altcoins bank banking banks Binance Bitcoin Bitcoin market blockchain BTC BTC price business China crypto crypto adoption cryptocurrency crypto exchange crypto market crypto regulation decentralized finance DeFi Elon Musk ETH Ethereum Europe Federal Reserve finance FTX inflation investment market analysis Metaverse NFT nonfungible tokens oil market price analysis recession regulation Russia stock market technology Tesla the UK the US Twitter

Categories

  • Business
  • Econ Intersect News
  • Economics
  • Finance
  • Politics
  • Uncategorized

© Copyright 2024 EconIntersect

No Result
View All Result
  • 토토사이트
    • 카지노사이트
    • 도박사이트
    • 룰렛 사이트
    • 라이브카지노
    • 바카라사이트
    • 안전카지노
  • 경제
  • 파이낸스
  • 정치
  • 투자

© Copyright 2024 EconIntersect