02/05/2016

China’s Caixin PMI Edges down to 49.4 in March

by John Galt May 2, 2016 22:25 ET The sugar coated version of tonight’s release came from the newspaper Shanghai Daily via Xinhua: Caixin China manufacturing PMI edges down to 49.4 From the somewhat softened release: The Caixin General China Manufacturing Purchasing Managers’ Index (PMI), an indicator of manufacturing activity, edged down to 49.4 in April, a private survey showed on Tuesday. The reading was fractionally down from 49.7 in March, signalling marginal deterioration in operating conditions, according to the survey conducted by financial information service provider Markit and sponsored by…


The Boricuan (Puerto Rico) Crisis Accelerates into Default with American Banksters

by John Galt May 2, 2016 21:40 ET John Oliver on HBO’s “Last Week Tonight” provides a nice summary  of what is happening on one of America’s remaining colonies: How bad is it? Here is this morning’s El Nuevo Dia newspaper front page from San Juan which should have rung alarm bells in Congress: The key headlines (roughly translated for those not fluent in Spanish): “We can NOT wait any longer” for relief from the Congress of the United States “Emigration has reached another record” (from the island) “Congress has to…


Another 20% Dollar Tree Inflationary Warning

by John Galt May 2, 2016 20:20 ET A little over a decade ago, I pointed out the hypocrisy of product size inflation in an old article about my Dollar Tree inflation indicator. I noted, of course simple things like 4 packs of batteries being changed to 3, 16 oz. of dry cereal being reduced to 12 oz., and candy bars being reduced from 6 oz. to microscopic specs of something wrapped in paper. Today, I encountered something amazing at the U.S. discount retailer the Dollar Tree which should alert everyone…


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