I think it's gotten ahead of the Fed,said CNBC's Jim Cramer.The ten year Treasury continues to go up in rates.There are people who are making a very big end of the world case.The world is fretting about this.We just have to let it happen and let the end of the worlders play out.
The wheels are coming off China.Wages are going up.You're gonna hear the Communists talking about workers' rights.Workers' rights in Communist China?
People are saying this is the big unraveling.I respect the macro,but in the end,I am stuck with the micro,what with GM doing better than expected,as well as General Mills and PepsiCo.
They were looking at the big things at the US-China talks in California over the weekend,according to Pauline Loong,Managing Director at Asia Analytica.The good news is,there was no news.It was not an official summit.It was about what was on the chairs,not what was on the table.It was off the record.President Xi Jinping speaks English.
Right now,it seems the two big economies have decided it's in their interests to get along.Asian countries aren't in the untenable position of having to choose between them.
The eight hours of talks between President Barack Obama and Mr.Xi were described as having been historic and constructive.They took place at the Sunnylands Estate in Rancho Mirage,California.
The success of the talks was in spite of the fact that US defence contractor Northrop Grumman said hacking attempts are increasing at an alarming rate.Chinese hackers have breached defence contractors' systems or observed their activities with orbiting telescopes.
China has reportedly hacked into major projects such as the Advanced Patriot Missile;Aegis;V-22 Osprey;and Global Hawk.More than two dozen weapon systems have been compromised,but China has consistently denied it is responsible for such hacking.
Northrop Grumman(NOC),General Motors(GM),General Mills(GIS),PepsiCo(PEP)
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