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Sunday, August 01, 2010

China Slows, and a few posts of interest

by Calculated Risk on 8/01/2010 02:55:00 PM

The previous post was the weekly schedule (busy week ahead!) and summary of last week (scroll down for post).

Early this morning Part 5C of the Sovereign Default series: Some Policy Options, Good and Bad

From the WSJ: Chinese Manufacturing Growth Slows

China's manufacturing activity expanded at the slowest pace in 17 months in July ... China's official PMI ... fell to 51.2 in July from 52.1 in June, the third straight month in which it has declined. The reading was also closer to the expansionary threshold of 50 than it had been in 17 months. A reading below 50 signals contraction.
  • Negative Equity Breakdown. The authors estimate there are 4.1 million homeowners with more than 50% negative equity, and another 5 million with 20% to 50% negative equity.

  • How do you put recession bars on graphs using Excel?