Morning Reading – December 21, 2010
FT Alphaville: China’s bonded-warehouse copper mystery
Copper prices in London soared to record highs on Tuesday as data from China showed the country’s imports had picked up for the first time in three months — just as fears over supply disruptions in the world’s biggest producer, Chile, increased.
FT Alphaville: UK fiscal fail
Anyone for Plan B?
Or just for knuckling down on fiscal cuts?
This is not what the market was expecting from the latest UK public finances data on Tuesday — £22.8bn of public sector net borrowing in November, versus consensus forecasts of £17bn.
FT Alphaville: Rollover is all, Moody’s fears for Portugal edition
Have you noticed? There’s something (other than an unusual frequency) about recent Moody’s ratings actions on eurozone peripheral sovereigns.
They’re all increasingly focused on whether the sovereigns can actually maintain market access in the first place, as a ratings red flag.
Distressed Volatility: Marc Faber: Emerging Markets To Fall 20-30% In Next 6 Months
Marc Faber on CNBC TV18 – India (12/10/2010). He talked about emerging markets vs. developed markets, India, U.S. Dollar Index, Crude Oil and China interest rates. Video after the jump.