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Economy
In reply to the discussion: STOCK MARKET WATCH -- Friday, 11 May 2012 [View all]xchrom
(108,903 posts)35. This China Chart Is Making Everyone Scream 'Hard Landing' Today
http://www.businessinsider.com/chinese-industrial-production-2012-5
The big news out of China: A major miss on industrial production growth.
From Nomura:
Industrial production (IP) growth dropped sharply to 9.3% y-o-y in April from 11.9% in March (Consensus 12.2%, Nomura 12.1%, Figure 1). This slowdown was not due to a base effect. According to the National Bureau of Statistics, on a month-on-month seasonally adjusted basis, IP grew by only 0.35% in April (annualized growth rate of 4.2%). Output data across industries appears to be sending mixed signals, as steel and automobile production both picked up in April while electricity, cement, and oil production fell.
Read more: http://www.businessinsider.com/chinese-industrial-production-2012-5#ixzz1uYfq97lL
The big news out of China: A major miss on industrial production growth.
From Nomura:
Industrial production (IP) growth dropped sharply to 9.3% y-o-y in April from 11.9% in March (Consensus 12.2%, Nomura 12.1%, Figure 1). This slowdown was not due to a base effect. According to the National Bureau of Statistics, on a month-on-month seasonally adjusted basis, IP grew by only 0.35% in April (annualized growth rate of 4.2%). Output data across industries appears to be sending mixed signals, as steel and automobile production both picked up in April while electricity, cement, and oil production fell.
Read more: http://www.businessinsider.com/chinese-industrial-production-2012-5#ixzz1uYfq97lL
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Gee, I wonder if this is related to the collapse of the crude speculation bubble?
Hugin
May 2012
#18
and, in the shadow of the Fed, a new era begins...Caesar's opens a new casino...
InkAddict
May 2012
#67
He'll feel better once Obama offers him the job at Treasury should he win in November
Roland99
May 2012
#53
I'm trying to advise folks around here to not go back to 'pesetas' ('pesos'). Rather: Maravedis:
Ghost Dog
May 2012
#101
I claim copyright violation! X, I WAS KIDDING! AND BESIDES, YOU DIDN'T WRITE IT!
Demeter
May 2012
#59
Regulators Looking Into JPMorgan Trading Activities Before $2 Billion Loss DITTO, DITTO
Demeter
May 2012
#79
JPMorgan Chase loss will be scrutinized, SEC's Mary Schapiro says DID WE WAKE YOU, MARY? SORRY...
Demeter
May 2012
#80
Watching Icon of the Left Eric Schneiderman Morph into Administration Water Boy Tom Miller
Demeter
May 2012
#83
Four Years After Wall Street Crash, Regulation of Financial Markets Is Still Spotty
Demeter
May 2012
#90