11-11-09

China released a slew of economic data. Looking closely at the numbers (which one should) it looks as if the numbers are great. One data point that looks suspicious to me is exports. The were down quite a bit. Now if i remember the exports are sold to the US. Now china had triple digit retail sales and other points that were very good. China was the only world market to trade lower yesterday or last night. Why is that?

Japan was barely up.

India surged

Europe is rocking

India is way up

Fink, Japans Bank of Tokyo CEO said she is deeply worried about the US and Japan. You have to get up early for this information she was speaking 3:00am our time. She said we have a large chance of double dip recession. She stated lake of Chinese imports and a weak dollar are going to lead to more expensive goods for the US. She was also worried about japan. The amount of debt that the Japanese have is really worrying her.