Tuesday, 22 May 2012

Tuesday 21st May

China buyers defer raw material cargos -
Chinese consumers of thermal coal and iron ore are asking traders to defer cargos and – in some cases – defaulting
FT.com {http://on.ft.com/JyNima}, also http://www.alsosprachanalyst.com {http://bit.ly/JyOdmC}

JP Morgan executive to walk away with millions following trading loss
Ina Drew, the executive who ran the department behind JP Morgan's $2bn (£1.2bn) trading loss, has left the bank and will walk away with about $32m
Telegraph {http://tgr.ph/JyNEcx}

The bullish case for the hated gold mining stocks. {http://bit.ly/JyOFkM}

"Why China Won’t Rule"
 Is China poised to become the world’s next superpower? 
 by Robert Skidelsky | Project Syndicate {http://bit.ly/Jklotw}

FT Alphaville » China’s mega dash for the dollar {http://on.ft.com/Jkqo1q}

The only way to stop a eurozone bank run - FT.com 
If you want to know what will drive the eurozone to destruction, my advice would be to follow the money, and ignore the real economy.

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