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0 Jul 16 2010 @ 10:55am by Matt Smith in Biofuels, Capital Markets, Crude Oil, Economy, Natural Gas

Burrito bites

Rather than the usual review, let’s mix it up and take a look at five fascinating / frightening facts gleaned from this week:

1) China has 65 million vacant homes.
2) The chicken came before the egg (h/t DB).
3)  The Rupee’s got a brand new symbol.
4) Illinois has a higher default risk than Iceland.
5) 70% of American office workers eat lunch at their desks, while 22% of office fridges are only cleaned once or twice a year.

Onto the summary platter of market chatter….

–More than half of the new power in the US, EU is green

–The 10 most expensive hurricanes in US history.

Women-only venting store opens in China.

50 ways to depict the Gulf oil spill.

–How supermodels are like toxic assets.

–Clean energy investment holding steady in tough times.

–Wowee – Chinese man drives car across bottled beers.

–Much weirdness: oil back in favor of US drillers after years of targeting gas.

–Biofuels and the subsidies involved.

What does a trillion dollars look like again? (as the US Federal deficit has just passed it).

The Lady Gaga Economy.

–A Candwich (a sandwich in a can!)

The Burrito Deluxe Award of the week goes to World Cup winners, Spain. Viva!!!

The Burnt Burrito Award of the week goes to US coporate earnings season and US economic data. Both of which are giving us mixed signals and a wonderfully muddied outlook on the US economy. 

Have a  splendid weekend!

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