BeefCast
0491 Show Notes:
Now that we have identified heat stress, Dr. Larry Hollis, Kansas State veterinarian, takes us through the action steps that we should take.
Heat
Stress Chart
Hello traders everywhere! Adam Hewison here, President of INO.com and Co-creator of MarketClub, with your mid-day market update for Friday, the 24th of May. If The Economy Is So Good, Why Did This Happen? We have been talking about this all week... Why...
Russia, like so much of Europe, Asia, and other parts of the world, has been wrestling with slow growth. For many countries, including the U.S., the problem has been a growing debt crisis, and the associated attempts to get expenditures back in line with income. It’s a crisis often blamed on years of over-spending politicians [...]
Some more interesting facts about China’s treasury holdings from Valentin Schmid The first interview with Valentin can be listened to here Click here to visit The Epoch Times newspaper site
May 24 - The tornadoes that hit the United States caused as much as $5 billion in insured losses, according to early estimates from Eqecat. Conway G. Gittens reports.
May.24 - German sportswear makers Adidas and Puma renew their rivalry when teams Bayern Munich and Borussia Dortmund go head to head in Europe's Champions League Final at Wembley. Ciara Sutton reports.
Andrew O'Day says sales at Abercrombie & Fitch are too ugly to shop its own stores. The gamble didn't pay off for Procter & Gamble, so it's making a new bet. A computer a thousand times weaker than an iPad is worth hundreds of thousands of dollars.
May 24 - P&G shares get a new lease of life after the surprise return of former CEO A.G. Lafley. Also find out why teen apparel has had a threadbare quarter.
May.24 - Swedish police are seeking reinforcements following a fifth night of damaging clashes in the capital, as questions are raised about the causes of the unrest. Kirsty Basset reports.
The Fed would do well to look at Japan. Japan’s Nikkei, after rallying over 70% since November, just collapsed 11% in less than two days. Looking at the chart, it’s pretty clear where this thing is heading: the same as the NASDAQ in 2000. This is the problem with economic policy that focuses on pushing [...]
May 24 - Breakingviews columnists discuss the implications of inflation being in decline globally despite seemingly inflationary central bank policies.
The 6 W’s: Who, what, where, when, why and what of it The RegMed sector is ripe for the tourist trade…investors, most notably day traders hear a piece of news, get excited, and decided to buy. Great for the time being, but remember these same buyers can also be very fickle as their purchasing [...]
P&G brought back its previous CEO Alan George Lafley, to immediately replace its existing CEO Robert McDonald, as the consumer goods giant struggles to turn around its business.
John F. Kennedy in his younger years thought fascism was good for Germany and that the world hated Nazis more out of jealousy, a new book recounts. The book, "John F. Kennedy , Among the Germans," is based on his personal notations and musings in travel diaries and letters dated from 1937 through 1945, the Daily Mail reported.
Radical Muslim cleric Omar Bakri Mohammed, whose fiery rhetoric has left him banned from Britain, referred to the street terrorists who hacked a soldier to death in London as "heroes" who carried out God's will.
A recession for the global economy is becoming an increasingly likely scenario.
The Chinese economy, the second-biggest in the world, witnessed a contraction in manufacturing in May. The HSBC Flash China Manufacturing Purchasing Managers’ Index (PMI) registered 49.6 for May, declining from 50.4 in April. (Source: Markit, May 23, 2013.) Any number below 50 represents contraction in the manufacturing sector.
The Chinese economy exports a significant amount of what it produces to the global economy. Contraction in Chinese manufacturing shows exports are falling—the global demand for goods is falling.
Similarly, Germany’s Flash Manufacturing PMI showed continuous contraction in the manufacturing sector. The index stood at 49.0 in May. (Source: Markit, May 23, 2013.) The German economy is important to observe, because it’s the largest economy in the eurozone and an economic slowdown in the nation can send the common currency region into another downward spiral, again affecting the global economy.
Looking at other key indicators, they are pointing to an economic slowdown ahead in the global economy. Consider the copper market. Demand for copper is suggesting activity in the global economy is sluggish, even deteriorating.
Copper prices are down more than 10% since the beginning of 2013, and stockpiles of the brown metal, tracked by the London Metals Exchange (LME), are up a staggering 95% this year! (Source: Bloomberg, May 23, 2013.)
Other industrial metal prices, such as aluminum, lead, nickel, and zinc, are in decline as well.
How can the U.S. economy possibly improve when the global economy is in trouble?
The U.S. is highly affected by any shift in demand in the global economy.
After the financial crisis of 2008, U.S.-based companies were able to show growth because of robust demand in the global economy. Some say the growth in the global economy pulled the U.S. out of recession in 2008.
Now, the economic indicators clearly point to diminishing global demand. Will U.S.-based multinational companies be able to show profit growth under the scenario of global manufacturing contraction? Of course not! (Someone tell stock market investors!)
During the first-quarter earnings reporting season, some of the biggest big-cap companies in the key American stock indices displayed concerns regarding the crisis in the eurozone. I expect more companies to start blaming the economic slowdown in the global economy as they report lower second-quarter corporate earnings.
As I have been writing in these pages, economic growth in the U.S. economy won’t happen by printing more paper money—it’s a short-term fix that creates more long-term problems.
According to data compiled by Bloomberg, 2,267 non-financial constituents of the Russell 3000 index saw their cash holdings increase by 13% to $1.73 trillion in the first quarter of ... Read More
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