The past week was packed. Mainly, the market focused its attention on Chinese economic conditions, most notably whether growth (whether real or fake) can continue at the projected 7% for the remainder of 2015.
[buffett]
Next in importance behind China was the American labor market. Month-over-month job growth came in at +173, well below the 217K the market expected, but still in moderate growth territory. Year-over-year job growth decelerated to 2.09%, a six month low.
Europe
What seems to have been forgotten, although perhaps just as important, is the state of business in Europe.
Last week we...
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