China’s growth continues to slow increasing speculation of a move by the People’s Bank

China’s growth continues to slow increasing speculation of a move by the People’s Bank

Chinese stocks continued to retreat overnight as the market absorbed yet another indicator that the Chinese economy is slowing. The Shanghai Composite index fell another 0.45% after retreating 0.3% yesterday. On Wednesday, April 23, the HSBC Markit Economics “ flash” manufacturing PMI at 48.3 for April showed the economy still in contraction.

Yamana Gold to share the Osisko prize

Yamana Gold to share the Osisko prize

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Housing sector slowed in February and March–bad news for the U.S. economy

Housing sector slowed in February and March–bad news for the U.S. economy

If the housing sector is still supposed to be the lead engine for the U.S. economy, that engine seems to be slowing down. The numbers this morning show that sales of previously owned homes fell in March for a third consecutive month. Housing prices climbed 6.9% in February from February 2013. That would be good news—except that the increase is the smallest gain in a year.