- Chinas exports rose17.7 % YoY, the first increase in 14 months, increasing the likelihood that t Beijing will restart the appreciation of the renminbi.
- (Bloomberg) -- Paul Krugman said he sees about a one-third chance the U.S. economy will slide into a recession during the second half of the year as fiscal and monetary stimulus fade.
- Hank Greenberg blamed new standards for credit-default swaps -- pushed by Goldman or Deutsche Bank AG, he said -- and subprime, housing-backed derivatives sold and then shorted by Goldman as contributing to AIG’s collapse, the newspaper reported.
- Soft drinks manufacturers are more and more returning to sugar given the poor health image of high fructose corn syrup.
- Growers of sugarcane crop in southern Louisiana could continue to suffer losses the next couple of nights as a hard freeze develops. This is not welcome news after record rainfall in the fall and December deluged the fields and set the harvest behind schedule.
- The Parrot, my advisor, anticipates the next S&P cycle low on Feb 1.
- Some notable new highs (for the move) last week:
Coal
London Zink, Tin, and Lead “Inventories”
Shanghai Zink “Inventory”
World copper “Inventories”
Palladium, Platinum, Copper
London: aluminum, copper, lead, tin, zinc
Unleaded
NY Volume advance decline line
NY advance decline line
Orange Juice
Dow Industrial, Transport, Nasdaq 100, S&P 500, Nikkei.
Argentina, Chile, Mexico.
Sea
Euro Dollar (Interest Rates)
Sugar
Rate of inflation
Some notable new lows (for the move) last week:
Vxo
NY weekly advancing issues
Gilts
Commercial loans
Slovakia
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