Green Shoots & Leaves
Last year the Chinese infrastructure party ended and the shale oil boom went bust. More recently the FANG stocks went from pulling the market up to pushing it down. And today Apple — whose sales would always go up because everyone on Earth wants an iPhone and there were still some people in Africa and the Amazon Basin who don’t yet have one — reported that not only is its revenue no longer growing, but it might shrink in the year ahead.
Emerging market stocks will outperform U.S. equities when another bull market comes, noted bear Marc Faber contended Tuesday. But Faber sees one problem — he believes markets will not enjoy another bull run in his lifetime.
Who Gets to Pay for the Italian Banking Crisis?
FOLLOWING more than a decade of aggressive growth, global coal demand has stalled, the International Energy Agency, IEA, said in its Annual Coal Market Report, released last week.
“Brazil is a mess,” Alberto Ramos, the chief Latin America economist at Goldman Sachs, said at an event organized by the Brazilian-American Chamber of Commerce in New York on Wednesday. “Number 10 used to mean Pele. Now it’s inflation rate, unemployment rate and the popularity rate of the president.”
A Los Angeles County girl who had traveled to El Salvador late last year was infected with the mosquito-borne Zika virus, health officials confirmed. Elsewhere, a Minnesota traveler was also confirmed to have contracted the virus.
Rush for the exits: why China’s capital flight carnage will continue