Bits of News June 1-11.

Peru, Columbia, and Chile Merge Stock Markets
Peru, Colombia, and Chile will formally merge their stock markets Monday, creating the second-largest bourse in Latin America after Brazil and promising to increase liquidity in the mineral-rich Andean region.

Number of Americans Employed Only Equal to 1999 Levels
Despite substantial population growth, the number of employed Americans in 2011 is no different than it was in 1999.  Or 2001.  Or 2003.

Mobius Says “Financial Crisis Around the Corner” 

Mark Mobius, executive chairman of Templeton Asset Management’s emerging markets group, said another financial crisis is inevitable because the causes of the previous one haven’t been resolved. “There is definitely going to be another financial crisis around the corner because we haven’t solved any of the things that caused the previous crisis,” Mobius said at the Foreign Correspondents’ Club of Japan in Tokyo today in response to a question about price swings. “Are the derivatives regulated? No. Are you still getting growth in derivatives? Yes.”

In 1 Year, The Chinese Economy Will Be Performing Poorly – Marc Faber
In 1 year the Chinese economy will perform poorly, in other words, it will have a recession. A recession in China could be a technical recession, if you slow down from a rate of 10 percent to a growth rate of 3 percent, that is a recession.