Last night, China printed 48.3 on the HSBC Flash PMI, but don’t tell U.S. corporations who call China a major market that China is slowing.
Despite an improvement over Friday’s doom and gloom sentiment, global stocks are not seeing positive follow through today other than less volatility in the market.
In the Leonardo DiCaprio movie Blood Diamond, a citizen from a diamond-rich African nation remarks on how much worse things would be if oil were discovered. The populace of Myanmar is about to find out how true that statement is for themselves.
On April 1, the U.S will have the corporate highest tax rate in the world. The Wall Street Journal reports that Japan is reducing its corporate taxes from 39.5% to 36.8%, leaving the U.S. #1 with its unchanged average corporate tax rate of 39.2%.
Better shipping facilities in the United States are needed to meet the demand for American products in emerging market countries and other areas, according to George Will in a recent syndicated column in The Washington Post and other papers, “Deeper Ports should not have to wait a decade.”