Friday, May 30, 2014

Morning Journal---Compare and contrast Chinese versus US government policies

Economics

   This Week’s Data

            First quarter corporate profits rose 5.3%.

            April pending home sales rose 0.4% versus expectations of up 1.0%.

                April personal income rose 0.3% versus estimates of +0.4%; personal spending was -0.1% versus forecasts of +0.2% (does that mean first quarter GDP was not a fluke?); the price index was up 0.2%, in line.

   Other

            A comprehensive look at the first quarter (medium):

            A great article from Stephen Roach comparing Chinese and US government economic policies (medium and today’s must read):

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