Happy Friday Morning everyone! Yesterday saw both metals'n'stocks flat but now the futures guys say it's stocks down and metals up. This week's reports are wrapping up w/ durable orders this morning. Headlines from the One-Outa-20-Believable news service:
- Geopolitical Tensions Weigh on German Economy, Data Suggest Wall Street Journal - 1 hour ago Geopolitical tensions are weighing on the German economy, suggesting that the country faces growth risks in the third quarter after what was likely a flat a second quarter, data published Friday indicate.
- Europe shares mixed; Ifo data misses; RBS up 13%
- Obama names Ireland in attack on tax policies of US firms Irish Times - 5 hours ago President Barack Obama: “I don't care if it's legal - it's wrong,” he told a California audience. “You don't get to choose the tax rate you pay.
- McDonald's Japan Calls Foul on Chinese Chicken Wall Street Journal - 3 hours ago A woman holding an umbrella walks past a McDonald's restaurant, operated by McDonald's Holdings Co. Japan in Tokyo. Bloomberg News.
- Wall Street: Fooling All the People All the Time - Chris Arnade, Guardian
- What You Think About Inflation Is Wrong - Megan McArdle, Bloomberg
- Greenspan: Can't Stop Bubbles w/out a Crunch - Greg Robb, MarketWatch
- Economy Looks Better...So Why Do We Worry? - Everett Rosenfeld, MSN
- 7 Charts That'll Make You Feel Good Today - Matt Phillips, Quartz
- Traders Are the Walking Dead on Wall St. - Howard Gold, MarketWatch
- Analyst: Apple Could Be Obsolete in 3 Years - Arjun Kharpal, CNBC