4 June, 2014 by The TZ Newswire Staff Comments Off on ECB Decision-Day Guide (In 5 Simple Questions)
ECB Decision-Day Guide (In 5 Simple Questions)
As we have heard numerous times this year already, tomorrow may be ‘another’ most important day of the year/cycle as Mario Draghi and his band of merry men at the ECB appear to be finally cornered (by market exuberance, macro weakness, and excess positioning) into “doing” something as opposed to just talking about it.
4 June, 2014 by The TZ Newswire Staff Comments Off on Guest Post: Afghanistan – Obama’s War
Guest Post: Afghanistan – Obama’s War
4 June, 2014 by The TZ Newswire Staff Comments Off on China Composite PMI Employment Drops At Fastest Pace Since Feb 2009
China Composite PMI Employment Drops At Fastest Pace Since Feb 2009
After last weekend’s schizophrenic expanding (official) / contracting (HSBC) Manufacturing PMI, China’s Services PMI printed at 50.7 – its lowest since August 2011, as the business expectations index dropped to an 11-month low. The Composite PMI improved (after 3 months of contraction) but most notably, the composite employment declines at the fastest pace since Feb 2009. What is perhaps most worrisome is, as Markit notes, “The latest survey signalled the second-weakest degree of optimism since the series began in November 2005.”
4 June, 2014 by The TZ Newswire Staff Comments Off on China-Vietnam Conflict in The South China Sea
China-Vietnam Conflict in The South China Sea
By EconMatters
China is on a roll upsetting neighbors from all directions in its aggressive stance towards territorial claims.
East China Sea
4 June, 2014 by The TZ Newswire Staff Comments Off on How The West Spies On The Middle East: The Location Of The GCHQ’s Top Secret Internet Spy Base Revealed
How The West Spies On The Middle East: The Location Of The GCHQ’s Top Secret Internet Spy Base Revealed
It has been a year since the first of many Edward Snowden’s groundbreaking revelations (which promptly relegated yet another conspiracy theory into the compost heap of conspiracy facts) exposing not only the ubiquitous tentacles of the NSA, and its UK-equivalent, the GCHQ, but the incestuous relationships between the government’s spy agencies, its pervasive snooping reaching as far as Angela Merkel’s cell phone (which is finally the subject of a read more
4 June, 2014 by The TZ Newswire Staff Comments Off on It’s Not Just Europe; As Many As 16 California Counties May Seek Secession From The State
It’s Not Just Europe; As Many As 16 California Counties May Seek Secession From The State
Frustrated with their representation in government, residents in two of California’s northern counties are heading to the polls to decide whether they should consider seceding from the state. As Reuters reports, campaigns in both Del Norte and Tehama counties are underway to convince residents that permanently separating from California is in their best interests. As many as 16 counties in northern California could potentially join the movement, AP reports, though official secession would require approval by the state legislature as well as the US Congress.
4 June, 2014 by The TZ Newswire Staff Comments Off on "Same Stuff, Different Year"
"Same Stuff, Different Year"
How many more of these annual disappointments does it take before the world gets the joke…
The History of consensus expectations for US GDP… (notice they all go from the upper left to the lower left…)
Source: Bloomberg h/t @M_McDonough