DailyMarkets.com - 19 Reasons Why Millions Of Californians Are Thinking About Leaving The State For Good

19 Reasons Why Millions Of Californians Are Thinking About Leaving The State For Good
Top 5 Economic Graphs For The Week Ended 24 October 2010
Sentiment Update: Moving Higher
GM Set To Sell More Cars In China Than In U.S.; Doesn’t That Mean China Is Shipping Jobs To U.S.?
Adam Smith: Mercantilism Is Enemy Of The People

19 Reasons Why Millions Of Californians Are Thinking About Leaving The State For Good

Posted: 24 Oct 2010 03:30 AM PDT

Back in the 1960s and 1970s, there was a seemingly endless parade of pop songs about how great life was in California, and millions of young Americans dreamed of moving to the land of sandy beaches and golden sunshine. But now all of that has changed. Today, millions of Californians are dreaming about leaving the state for good. The truth is that California is broke. The economy of the state is in shambles. The official unemployment rate has been sitting above 12 percent for … [visit site to read more] or compare Best Credit Cards and Best CD Rates

Top 5 Economic Graphs For The Week Ended 24 October 2010

Posted: 23 Oct 2010 10:01 PM PDT

This week the focus is on China, with the quarterly statistics out this week – as well as a surprise interest rate increase from the PBOC. Among the data we review in this edition is GDP growth, inflation trends, the interest rate decision, retail sales growth, and the continued rise of new lending.

1. China GDP

First up is GDP, China saw growth decelerate slightly to 9.6% year on year in the September quarter (or 10.6% YTD on YTD), down slightly vs the 10.3% growth rate in the … [visit site to read more] or compare Best Credit Cards and Best CD Rates

Sentiment Update: Moving Higher

Posted: 23 Oct 2010 07:55 PM PDT

By Seeking Delta of http://seekingdelta.wordpress.com/
The NAAIM (active money managers) and AAII (individual investors) sentiment surveys were released Wednesday and Thursday respectively. Bullish sentiment in both surveys increased from last week.

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This week, active managers have, on average, a 72% allocation to equities. This is up from 67% last week. Bullish sentiment is once again nearing "extreme" levels. The median allocation remains at 80%, unchanged from last … [visit site to read more] or compare Best Credit Cards and Best CD Rates

GM Set To Sell More Cars In China Than In U.S.; Doesn’t That Mean China Is Shipping Jobs To U.S.?

Posted: 23 Oct 2010 07:31 PM PDT

SHANGHAI (WSJ) — “China’s domestic auto market could reach sales of more than 17 million vehicles this year and 19 million next year, said a senior General Motors Co. executive, outpacing home-market sales for several Western auto brands . The sales forecasts are up sharply from the 13.7 million vehicles that auto makers sold in China last year (see chart) as the country’s auto market grew about 50% to surpass the U.S. as the world’s biggest.” Also:

1. Daimler expects Chinese consumers to … [visit site to read more] or compare Best Credit Cards and Best CD Rates

Adam Smith: Mercantilism Is Enemy Of The People

Posted: 23 Oct 2010 06:26 PM PDT

From the New World Encyclopedia:

“In Wealth of Nations, one senses Smith’s passion for what is right and his concern that mercantilism benefits the wealthy and the politically powerful while it deprives the common people of the better quality and less expensive goods that would be available if protectionism ended and free trade prevailed.”

HT: … [visit site to read more] or compare Best Credit Cards and Best CD Rates