Daily Reading on the Financial Markets: 8/23/12
HSBC Chinese Purchase Managers Index (PMI) continues to deteriorate.
Mike Shedlock on whether a Fed green-light of QE3 is a sell-the-news event.
From Zero Hedge, Eric Sprott on the negative interest rates currently being seen on German (and other) bonds, and whether it suggests a collapse in the financial system is approaching.
The Bloomberg consumer comfort index continues to plummet, reversing spring’s uptrend.