Kamis, 12 April 2012

China whiffs on GDP , North Korea whiffs with their missile ....

http://www.zerohedge.com/news/china-gdp-misses-expectations-mile-rises-only-81


China GDP Misses Expectations By A Mile, Rises Only 8.1%, Slowest Pace Since September 2009

Tyler Durden's picture




The number the market has been waiting for with bated breath arrives:
  • CHINA 1Q GDP GROWS 8.1% ON YEAR, DOWN FROM 8.9% IN Q4; EXPECTED 8.4%, and whispered at 9.0%
  • CHINA'S MARCH INDUSTRIAL OUTPUT RISES 11.9% FROM YEAR EARLIER
  • CHINA STATISTICS BUREAU SAYS PROBLEMS REMAIN IN THE ECONOMY
  • CHINA 1Q RETAIL SALES RISE 14.8% VS EST. 14.8%    
  • NBS: CHINA STILL FACES UPWARD PRESSURE ON INFLATION
  • NBS: CHINA FACES DIFFICULTY STABILIZING EXPORTS
Visually:
And the worst: no RRR cut coming either it appears:
  • NBS: CHINA STILL FACES UPWARD PRESSURE ON INFLATION
And so the rumormill, which was expecting some ridiculous GDP print of 9.0% based on a third-rate research report released overnight, despite China posting some epic budget surpluses in the past few months, is stuck dumping risk in this late hour. Everything selling off as China's GDP posts the biggest sequential drop since March 2009 and the lowest sequential GDP rise since September 2009.
Futures, which now shift to hoping for more liquid heroin, are down a whopping 4 pts. Because there is always some central planner happy to raise nominal asset prices by diluting everyone, and since the market still does not get the difference between nominal andreal, all shall be well.

North Korea Launches Rocket, ABC Reports Launch Has Failed

Tyler Durden's picture




Red headline time. From Yonhap:
  • North Korea launches rocket - S.Korea's YTN Television
  • U.S official confirms North Korea has launched rocket
  • Rocket launch took place at 7:39 local time - South Korea Defense Ministry,
Japan likely in full mobilization mode right about now. Or not: this just in:
  • ABC's Martha Raddatz reports the North Korean rocket launch has FAILED.
  • Rocket was inflight for about a minute before it failed
Somebody is about to have their daily 5 gram portion of food cut in half as the local rocket no fly long time.
And scene:
  • Japanese Defense Minister says NKorean rocket appears to have fallen into ocean
  • Japan Def. Min. Tanaka: DPRK rocket appears to have exploded one minute after launch.
  • Yonhap: ROK residents near DMZ were alerted to seek shelter from possible DPRK rocket debris.
    • South Korean army says rocket debris crashed between 190km and 210 km off Kunsan, a city on West South Korea
    Now how long before North Korea blames South Korea for shooting down the rocket? In the meantime South Korea is not waiting. FromYonhap.
    South Korea on Friday called for the United Nations Security Council to respond to North Korea's defiant long-range rocket launch, even though the launch appears to have failed
    In other news, North Korea is redefining "minuteman" since 7:39 local time
    This is was the projected path.

    For those with Google Earth apps, here is the KMZ file showing the path in its full glory.

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