By Peter Thal Larsen
The author is a Reuters Breakingviews columnist. The opinions expressed are his own.
By William Hong
Even after I set out to visit his family, the story of Yang Hongnian and his seven children sounded unbelievable to me. As I stood in front of his makeshift house, which is just 20 meters square, I still wasn’t sure it could be true.
We’re deep into a period where the earnings calendar has basically dried up and the news flow overall is pretty slim, so the market will hang whatever gains it can on thin reeds – deals involving master-limited partnerships here, results from the likes of Sysco (the food services company there), and maybe Priceline.com in the mix too. The broader economic signals remain the more important ones for markets right now, and while they’re not uniformly outstanding, there are some hopeful signs for those finally looking for an acceleration in activity.