Good news is still bad news after all.
After last night's China 6.7% GDP print which while the lowest since Q1 2009, was in line with expectations, coupled with beats in IP, Fixed Asset Investment and Retail Sales (on the back of $1 trillion in total financing in Q1)...
Submitted by Chris Martenson via PeakProsperity.com,
Right now I'm on a Metro North train heading the NYC. I’ve been invited to sit on an advisory council at the UN on building a sustainable energy future.
I’ll let you know how the meeting goes, after I take a few selfies to immortalize the experience in case I'm not invited back.
Submitted by Gail Tverberg via Our Finite World blog,
Economic growth never seems to be as high as those making forecasts would like it to be. This is a record of recent forecasts by the International Monetary Fund:
Figure 1. World GDP Forecasts by the International Monetary Fund.
While Asian stocks continued their longest rally since August overnight, led higher for the third consecutive day on the back of Japan (+1.3%), Australia (+1.2%) and China (+0.4%) strength, European stocks have as of this moment halted their longest rally since October (Stoxx -0.1%) and U.S. index futures are little changed.
Submitted by Gail Tverberg via Our Finite World blog,
I approach the subject of the physics of energy and the economy with some trepidation. An economy seems to be a dissipative system, but what does this really mean? There are not many people who understand dissipative systems, and very few who understand how an economy operates. The combination leads to an awfully lot of false beliefs about the energy needs of an economy.