- Owners of VLCC tankers have something to cheer for once again, as shipbrokers are hailing the sector for its performance, on the back that currently there is greater oil demand than at any time since the economic turmoil of the autumn of 2008.
- (Arlan Suderman) Based on USDA's demand estimates for the year ahead (USDA is notorious for under-estimating demand) today's acreage estimate would suggest that Soybean stocks would run dry even with a record yield this year.
- European finance ministers meeting in Copenhagen on Friday agreed to boost the euro-zone firewall to over 800 billion Euros. The move marks another U-turn on the part of the Merkel administration, which recently dropped its opposition to increasing the fund. German commentators warn that even the new firewall may still be too small.
- (Anne Kadet SmartMoney) Some academics say we may well be reverting to historical norms, returning to pre-New Deal conditions in which most Americans had to work until they, well, dropped. The number of working people over age 65 reached an all-time low in 2001, when just 13 percent held a job. Now that rate is rebounding, and fast; last summer, it hit 18 percent, a level not seen since Kennedy faced the Cuban Missile Crisis.
- Japan’s industrial output fell 1.2% in Feb.
- Japan’s jobless rate fell to 4.5% in Feb.
- China's economic growth is expected to ease to 8.2% in the first quarter of this year from 8.9% in the last quarter of 2011, according to a report issued Saturday by the Bank of China.
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