A great article from CNBC on Germany's greatest concern. Their greatest concern is whether or not China loses it's appetite for it's machine tools and other items. The drivers of Germany's economy.
Good read....
Sales of existing homes jumped to a 2 year high. There are parts of the economy recovering, and thanks to the Fed housing appears to have a small flicker of hope right now.
There's an interesting trend happening in europe right now. There seems to be a flight of currency going on.
Beijing is hinting at a Bond Attack because of the Island dispute they've got going on. It's sort of disturbing that they're willing to use that as a weapon over a dispute. A bond attack on Japan by China would absolutely criple the country.
A massive gasoline plant explosion and blaze in Mexico has left 26 dead, 28 injured and 7 missing. This is the worst accident in two years for Pemex. Not a good track record. This is a pretty large Pemex gasoline plant btw....
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