[expat_panama]

 

Happy mid-week everyone!  Yesterday our "Uptrend Under Pressure" bounced up off longer term support yesterday in rising volume.  While this really is a nice sign it's off a low point and we're still not back up over our traditional 50-day moving average.

This morning's futures traders are happy tho. they got stocks up +0.42%, they got metals up +0.40% too and gold/silver prices still seem stable.

Today's reports seem safe enough--

7:00 AM MBA Mortgage Index
8:30 AM Housing Starts
8:30 AM Building Permits
10:30 AM Crude Inventories
2:00 PM Fed's Beige Book

--but I'm looking forward to getting in trouble post these on the FR:

China's Uncannily Stable Growth vs The Price of Reform - The Economist
A Better Name for GDP? Grossly Defective Product - Paul Wallace, Reuters
Why 27 Million In US Are Still Uninsured Under Obamacare - Bloomberg
The United States Has Its Own 'Oil Curse' - Ellie Ismailidou, MarketWatch
Fed Damned If It Does, Damned If It Doesn't - A. Mirhaydari, Fiscal Times
Please, Stop Comparing 2016 Stock Market to 1987 - William Watts, MW
Rex Sinquefield's Trump Support Is About 1 Thing - Julia La Roche, Yahoo
Investment Implications of a Clinton Presidency - David Bahnsen, Forbes

[bert]

Regarding China’s growth, I will interject the info in a recent Forbes article on the Pearl River Delta. Excluding Macau and Hong Kong that lie on either side of the river, the region includes 9 cities. They have grown together over a period beginning in say 1990, to include an area equal to that of Vermont and New Hampshire. The 2014 population of this area in 2014 had grown to 68 million people.

Standing alone, the PRD is the thirteenth largest economy in the world. It surpasses Russia in $$ volume.