Double Dip or Not?

Pros:

Dr Hussmann here

Google trend? (h/t Calculated Risk for the idea)


The markets (China down over 30% from recent peak, S&P500 down 16% from April 2010 peak)

Not technically but almost:

Calculated Risk here or here

Cons:

Econbrowser here
Gene Epstein in Barron's here

EIA on Chinese Oil Demand

Econbrowser has an interesting guestpost on Chinese Oil Demand.
Noting that Japan and Korea's oil consumption per capita are currently 1.4 and 1.9gallons per day this could imply over 50m bpd oil consumption for China, way more than EIA's forecasts of 16m bpd in 2030. The author concludes: "Is the EIA sure it has the numbers right?"