“YoY growth of US imports from China is contracting at the fastest rate since the 2008-2009 recession, which was the deepest contraction for growth of US imports from China in 23 years of trade data to that point.
Moreover, China’s import prices are now exhibiting a coincident recession-like decline in US imports from China as similarly occurred in 2008-2009, which in turn is indicative of recession-like conditions for US exports.”- Bruce Carman, posted at dShort Advisor Perspectives. Full story at…
Involuntary part-time jobs increased by 322,000 while voluntary part-time jobs increased by another 110,000. Thus, of the 160,000 household survey gain, 486,000 of them were part-time jobs, a loss of 326,000 full-time jobs.” Mish Shedlock at Global Economic Advisors. Full story at… http://globaleconomicanalysis.blogspot.com/2013/07/establishment-survey-jobs-195k.html
Commentary at http://globaleconomicanalysis.blogspot.com/2013/07/mbs-clobbered-and-treasury-yields-soar.html#UdgiWSM5ycBfdbh5.99
The above is more evidence of “Tapering-fear”; stocks don’t seem to care.
Monday, the S&P 500 was up 0.5% to 1640 (rounded).