Initial Guidance | 11 January 2016

● Robust US payrolls in Dec brighten economic outlook | Reuters
● Consumer Borrowing in US Rises at Slowest Pace in 10 Months | Bloomberg
● US Wholesale Inventories Unexpectedly Drop 0.3% In Nov | RTT
● Why the Fed needs to prepare for the worst right now | Larry Summers (WaPo)
● Are we in a recession already? Not yet | MarketWatch
● China Inflation Rises Slightly In Dec, PPI down | RTT
● China Retreat From US Bonds Prompts Shrugs | Bloomberg