Daily Reading on the Financial Markets: 11/23/11
From Zero Hedge, things get a little dicey overnight. China PMI drops to a 32 month low and the Dexia bailout may not work so flawlessly after all. Shocking.
At Seeking Alpha, TrimTabs notes that the BLS Employment reports is a flawed and lagging indicator, and suggests Federal Tax with-holding is a much better real-time indicator.
Cullen Roche notes that Germany is not unsoiled by the European debt debacle, as German banks have more European debt exposure than anyone.
Michael Pettis on the potential likelihood of an EU-wide “bank run” when Greece is finally booted from the EU and assets are frozen in Greek banks.