Wall St. jumps on data; S&P 500 above 1,700

Comments (2)
breezinthru wrote:

The HSBC China report of 47.7 coupled with the knowledge that China is now cracking down on local government borrowing/spending indicates worse economic times for China to come.

The Eurozone heavily relies on China as a trading partner so both are headed for more trouble, not less.

This Reuters headline is one of the most ridiculous headlines that I’ve ever seen.

Aug 01, 2013 8:09am EDT  --  Report as abuse
JoeObserver wrote:

Another bubble in the making – Fed’s QE program has created huge asset bubbles across the world. It’s a recipe for disaster waiting to happen. Just a matter of time before the bubble bursts.

Aug 01, 2013 12:36pm EDT  --  Report as abuse
 
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