Sometimes a Friday rolls around and I turn off the computer looking forward to the absence of information but this weekend was different. Monday rolled around and the Americans were on vacation, deserved sans doute, but I was looking forward to some
energy volatility in the markets. Friday’s action portened an interesting Monday, yet I had to wait until today.
The interns responsably reported on the Draghi
buying of short-term bond story rumor, there was no reaction until today, almost no criticism. The complaining pundits were having a beer in the garden.( In any case, here’s today’s criticism – warning… ZH). To answer my own question, they take weekends to drink beer.
There was some interesting reporting on depressed Chinese Steel Production (here) and the slow drip of information from China watchers suggesting caution with anything “China”: Output, Funding, Property Prices, Demographics, US Listed Companies, Politics. Much of what I read was negative and sceptically, I see this as a runup to Hillary’s visit, with the exception of Bronte Capital’s analysis of Focus Media. I appreciate his thinking, and writing. He also has a humerous reflection on Ling Jihua’s son
playing dying with two naked students in a Ferrari crash (here). They’re both worth reading.
My favorite weekly information without a doubt is, TTMYGH by Grant Williams. This week was especially academic, but insightful. A sort of, “Hello! Wake up… What are we thinking?” I learn something or place something lost each time. I’m happy to learn the popularity of TTMYGH is increasing and Grant is starting to work with Mauldin Economics. Keep it simple Grant. You’ve a great little franchise.