Business

It may be Saturday, but there is no rest for the onslaught of negative data from China, which overnight reported the latest, December, consumer and producer price inflation numbers, with the former printing at 1.6% Y/Y, matching consensus estimates, and a tiny increase from the 1.5% in November: the rebound was largely due to one-time items. For all of 2015, CPI rose 1.4%, the slowest annual increase since 2009 and well below Beijing's goal of keeping last year's inflation below 3%. In 2014, CPI rose 2.0%.

We’ve spent quite a bit of time over the past 12 months documenting the trainwreck that is Alberta’s economy.

Most recently, we brought you "This Is Canada's Depression: Surging Crime, Soaring Suicides, Overwhelmed Food Banks" and "For Canadian Repo Men, Business Has Never Been Better", but you can review the story in its entirety by revisiting the following posts:

Another Fabricated Jobs Report

Paul Craig Roberts

According to Friday’s (January 8) payroll jobs numbers, almost 300,000 new jobs were created in December. Additionally, the previous two months were revised upward by 50,000 jobs. Apparently, the equity market did not believe the report, with the averages moving down today.

Submitted by Charles Hugh-Smith of OfTwoMinds blog,

This week I am addressing themes I see playing out in 2016.

Earlier today, CNBC invited Kyle Bass, the man who correctly predicted and profited from the subprime collapse, to discuss what he thought was the biggest threat to the global financial system.

http://player.cnbc.com/p/gZWlPC/cnbc_global

Here is the highlight of what he said: