The bust in the economy aint so bad either. Credit default swap spreads are widening. Bond yields are rising…especially in Europe.
The service sector in the US is performing below expectations.
Oh…and listen to this:
More weigh walking away from mortgages, says The New York Times. As anticipated, people are warming up to the idea of stiffing their mortgage lenders. Why not? Millions of houses are underwater; let the mortgage company deal with them.
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Chinese Economic Growth: Commodities to Go Up Middle Class
Lately, I have been hinting to my boss that I need a raise to do my job, and she has been hinting that she needs an employee to competently do my job, so you can see how we are temporarily at an impasse in negotiations.
Not so in China, however! The Economist magazine notes that in China, “Wages have been rising at 10-15% annually, but recently workers have begun to demand even heftier increases.?
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