Monday, December 14, 2009

Quick Overview

  • White House advisor Lawrence Summers expects the economy to start adding new jobs in the spring of 2010.

  • Industrial production in the EU fell 0.7% in October and down 10.2% YoY

  • YoY Chinas M2 money supply rose 29.7%

  • Employment in the EU fell 0 .5% in Q3 and down 2.0% YoY

  • Sugar crushing in Brazil's centre-south cane hub in the second half of November totalled 25.4 million tonnes, down 16 % YoY, according to the Sugar Cane Industry Association, Unica. The fall was due to the impact of persistent wet weather.
  • Brazil said its sugar production in 2009-10 was likely to drop to 34m tonnes, down from an official forecast of 36.7m tonnes in September.

  • Cocoa traders are concerned about production shortfalls in Ivory Coast and Ghana, which account for 56% of the world’s cocoa output.


  • Goldmans top man said the firm wasn't just trying to make money; it was doing "God's work." No kidding!

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