China dodges a bullet?

Just highlighting a post from one of the better bloggers out there – Humble Student of the Markets asks if China has dodged a bullet; has growth bottomed and is in the process of a turnaround?

Read the post, its a typically calm, reasoned, open-minded post from Cam Hui.

Also worth considering is the strength in Copper; amidst all the woeful economic narrative from China the strength of Copper recently has stood out in contrast.


Chart from Finviz

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iOS 6, Assistive Touch & Auto Lock not working

If you have noticed the Auto Lock not working with iOS 6, there is a workaround.

The issue seems to be with the Assistive Touch; I use Assistive Touch on my iPhone to extend the life of the home button. When I use Assistive Touch to return me to my home screen I have noticed the Auto Lock does not work, the screen stays on.

There are a few workarounds:

1. My preferred option is to use Assistive Touch to return to the home screen and then (this is critical), place a finger on a part of the home screen and give the screen a wiggle or a swipe. The Auto Lock screen will then function as normal (Go ahead, test it out! – The important thing is, do not use the Assistive Touch to return to the home screen as your last action).

2. Alternatively, leave an app open. The Auto Lock will kick in as normal (again, test it out).

Be great if Apple could fix this bug.

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iOS6 Apple maps

Just to add to the noise.

I used iOS6 Apple Maps for the first time today.
Worked perfectly, completely accurate. No problem at all.

Hysteria is hysterical…

(ps. I’m both an Apple and Android owner/user).

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Broken clocks, broken calendars

I think referring to those pundits and commentators who are consistently calling for the same old thing and are consistently wrong as ‘broken clocks’ is extremely ungenerous to broken clocks. A broken analogue clock is right twice a day, for example. These perma-wrong clowns would be right twice a day in only their wildest fantasies.

A broken calendar, on the other hand, is not even right once a year. Yeah, broken calendar, thats more like it. LOL.

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Draghi provides QE3 …

I’m just starting to go through the blogs & tweets written after yesterday’s ES session (the 6th Sep.).

I am waiting to see Draghi’s actions in committing to European bond purchases out to 3-yr maturities labelled as “QE3”, or some such (or at least taking the place of QE3). I haven’t seen such references (yet, at least) but it just seems to me that maybe one of the reasons we haven’t seen more action from Bernanke is that effort would have been better spent directed at Europe, which is what has now happened.

Does Draghi’s commitment lessen the need for Fed action? I think it does, especially given the muddling-along nature of the US economy (yeah, could do better, but its not in recession territory like Europe). Central banks have been known to co-ordinate their activities, there are many examples of this; is what we are seeing another example? (I think it is).

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Draghis cancels his trip to Jackson Hole.

This is everywhere, but just for the record: ECB President Draghi has cancelled his trip to the KC Fed’s Jackson Hole conference.

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I’m not expecting any QE3 at Jackson Hole

I’m not expecting any hints of QE3 at Jackson Hole from Bernanke.
I think Tim Duy has explained it well:
Chances of QE3 Diminishing

As a reminder:
Ben Bernanke’s speech at the Kansas City Fed Central Bank Symposium at Jackson Hole, Wyoming is scheduled for Friday 31 August at 10am.

Mario Draghi’s speech there is scheduled for Saturday 1 September at 10am.

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