Over the weekend, Bloomberg View's quasi-economist wrote his latest laughable article, one which supposedly "explained" how "Everyone Worries Too Much About 'Black Swans'", which in addition to being a rambling, meandering stream of consciousness that as is regularly the case with this particular author, made little sense, sparked a Twitter feud with the Nassim Taleb, the person who made the concept of a Black Swan into a household name.
The world has not yet full realized the magnitude of the slowdown in China.
The “official” China growth numbers claim the Chinese economy is plowing along at 6%. I use quotations around the word “official” because Chinese economic data points are complete fiction.
Indeed, back in 2007, no less than current First Vice Premiere of China, Li Keqiang, admitted to the US ambassador to China that ALL Chinese data, outside of electricity consumption, railroad cargo, and bank lending is for “reference only.”
Some critical observations on investor positioning from BofA's Michael Hartnett
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On April 28th the current bull market in the S&P500 will become the 2nd longest ever
3 observations:
1. Quantitative Success on Wall Street
By Chris at www.CapitalistExploits.at
Taking a glance at the headlines in Europe, all I see is the world's "woes" cropping up. Either we're dealing with cowboys, or the market sentiment is decidedly bearish. I'll let you be the judge...
Via Macro-Man blog,