Monday, June 27, 2011

Tied Fate

Canada's and Australia's stock market indexes plotted against the Hang Seng. The downward slide continues apace.

Interestingly, while the Australia index appears in lockstep the TSX appears to be a leading indicator for the Hang Seng. Interesting.

The U.S. is expected to be less impacted than other countries by the collapse of China's economy. The markets appear to agree. China is far less a customer than a supplier of cheap labor. A desperate supplier is a cheaper supplier.

All charts snapshot from Yahoo! Finance


Odious Debt said...

what about norways RE?
it seems to defy the world!

GG said...

I am researching a post about that. Negative interest rates and all that! Lions and Tigers and Negative Interest Rates !