Saturday, December 25, 2010


News Links, December 26, 2010

-- Global economic meltdown --
Singapore Inflation Quickens to 22-Month High, Putting Pressure on Policy
A house built on sand. With only 697 square km of land, of which just 1.47% is arable, and a population of 4.7 million, Singapore is going to go splat like a bug on the windshield when global trade goes south. It will be a perverse monument to cheap energy and globalization. -- RF
German Bunds Rise for First Week in Two Months as Region's Debt Woes Grow
China Raises Interest Rates by 25 Basis Points in Bid to Curb Inflation
Russia Raises Deposit Rates on Inflation Worries
Russia Adds 13 Investment Banks to Advise on $59 Billion Asset Sales Plan
Euro Falls for Third Week as Credit Rating Downgrades Fuel Debt Concerns
Japan auto market sour in November as subsidies end
Japan to spend Y75 bil for Okinotori maintenance to protect EEZ

-- Fault lines/flashpoints/military --
Brazil uses its peacekeeping troops to pacify Rio de Janeiro
Yemen to expand anti-terror forces to fight al Qaeda

-- Energy/resources --
Gas prices jump in Canada, highest level in two years
$90 Oil In A Weak Economy Is Telling Us Something – Deustche Bank Sees Oil Spikes By 2012
Nippon Yusen to Triple India Capesize Fleet on Demand for Coal, Iron Ore
World economy can withstand $100 oil price: Kuwait
An absurd statement. The world economy can't withstand $80 oil, as growth is strangled, there is no recovery, and bad debt keeps accumulating. -- RF
Global stockpiles of oil 'really high'
If there is a glitch in production, "really high" stockpiles will disappear in a matter of days. -- RF
Decades before Arctic gas economical to ship

-- Got food? --
Corn prices 'to set record in 2011 - by a margin'

-- Environment/health --
The BP Oil Spill's Long-Term Threat to Bluefin Tuna
Matt Simmons said that there isn't enough money in the world to clean up the Gulf of Mexico. The more we read about this disaster, the more it appears he was right. -- RF

-- Intelligence/security/internet --
'Jihadist' issues Christmas bombing threat

-- China --
Aluminum Smelters in China May Face Winter Power Shortage, Macquarie Says
Beijing to cut car registrations to ease gridlock
China auto shares sputter as car policy unveiled
China to Raise Water Spending by 10% to $30 Billion in 2011, Daily Says
Outlook 2011 & the Next Decade: China: Is The Smart Money Right?
A barrage of bad news about China's situation. Although China may hold together longer than the US, all hell is going to break loose when these problems come to a head. -- RF
China Energy Shortages And Their Impact On Your Business
Got a factory in China? Better read this. -- RF
China to Seek to Curb Hot Money Inflows, State Council Researcher Ba Says
China Targets 11% Industrial Output Growth in 2011, Down From 15% in 2010

-- UK --
Fuel bills rocket 20% this winter as price rises and cold spell combine to add £100 a quarter

-- US --
Missouri Guard to train inmates for emergencies
Burglary team stripping vacant L.A. buildings bare
Most College Students Want Tuition Money For Christmas
New Face Of Homelessness: The American Family
The Municipal Debt Bomb is Ticking: When Will It Explode?
Bottom line: Elliott Wave stands with Meredith Whitney. -- RF
Charting 2010, Part 1: The Key Jobs Chart(s) Of 2010

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