Business

There was a palpable sense of disappointment among US traders who woke up this morning, expecting China to have announced another major stimulus - whether an RRR or full-blown interest rate cut - following Saturday's announcement that after 46 consecutive months of wholesale deflation, not to mention a historic market rout, China had not engaged in another round of monetary, or at least fiscal, and very much self-defeating stimulus.

By EconMatters

   9.2 Million Barrels

Source: worldbulletin.net

Mark next week in your calendar as that’s when the European authorities (read: creditors) will start reviewing Greece’s progress with regards to the reforms it had to push through in order to receive another bail-out package last summer.

Submitted by MN Gordon via EconomicPrism.com,

One week down.  Fifty-one more to go.  No doubt, this has been a wild start to the New Year.  We expect many more to follow.

For example, on Monday, Chinese investors overloaded the Shanghai Stock Exchange.  An abundance of traders hit the sell button in unison and nearly shorted out the sell side circuit.  By early afternoon the breakers had tripped to prevent a full market meltdown.  Here are the particulars, as reported by Bloomberg…

Submitted by Alasdair Macleod via GoldMoney.com,

Advance signs of a global slump in economic activity emerged in 2015.