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George Liu
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George is currently a Managing Director at Lion Fund. He has written for Seeking Alpha, The Motley Fool, Investing.com, Psychology Today and his works have been featured on Seeking Alpha's Wall Street Breakfast, MSN Money, Yahoo! Finance, AOL DailyFinance, CNNMoney, CNBC, MarketWatch, TheStreet,... More
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  • The Average American Family: "Ouch."

    According to the Federal Reserve Board's Survey of Consumer Finances in its recently issued Federal Reserve Bulletin, overall median net worth of the American family fell 38.8 percent from 2007 to 2010 and the overall mean net worth fell 14.7 percent. The 2010 net worth of the American family stood at $77.3K, which was the lowest level since 1992. The Federal Reserve attributes these significant decreases to "a broad collapse in house prices."

    Jun 12 4:30 AM | Link | Comment!
  • Mixed May Data From China

    Industrial production rose 9.6% YOY in May compared to 9.9% expected. Retail sales rose 13.8% YOY compared to 14.3% expected. Moreover, China's consumer price index rose 3% YOY compared to 3.2% expected. This is the slowest pace in CPI growth in two years and shows that inflation is easing faster than expected, which in turn allows the People's Bank of China more room to implement easing policies.

    Report from the WSJ: here.

    On the positive side, China reported positive trade figures and a widening trade surplus, which increased to $18.7B from 1$18.4B in April. China's May exports were up 15.3% YOY compared to a consensus of 6.9%. Also. imports rose 12.7% versus the 3% consensus. Moreover, sales to the EU rise for the first time in three months.

    Report from the WSJ: here.

    Disclosure: I have no positions in any stocks mentioned, and no plans to initiate any positions within the next 72 hours.

    Tags: Economy, China
    Jun 10 2:54 PM | Link | Comment!
  • The Eurogroup Bails Spain Out

    They estimate the financial assistance that Spain will require to restructure its financial sector to be around 100 billion euros. However, Spain will not officially ask for the aid until private-sector audits of its banks provide it with a clearer picture of the amount of capital it needs. The private-sector audits are expected to be finished by June 21.

    Tags: Economy, Spain
    Jun 09 7:59 PM | Link | Comment!
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