Home Create my own Portal Premium function, contact us! Premium function, contact us! Premium function, contact us! Premium function, contact us! 
Username:
Password:
Create a account
Making stock and economic news easier to read, bookmark and use!
 
  Submit Article Add a Feed Watchlist
ECB Bank Stress Test - Economics Weekly

Global Economics Weekly Brief

ECB Bank Stress Test

We now know the results of the ECB’s year long banking stress test exercise. For the Euro zone economy this has been a long wait. The coming months will show whether this is enough to boost confidence and the recovery. What is the future for Euro zone community? Will Euro zone countries that are successful now start breaking away from the Union and save money long-term?



Complicated and important. The results of the European Central Bank’s stress tests were announced over the weekend, showing that 25 banks had failed. Of these, 12 have already raised enough capital and reduced risks, leaving 13 who will now have to take action. This clean-up is an important part of the Euro zone's response to the financial and sovereign debt crises. The ECB is trying to make sure that the banks it now regulates are healthy enough to withstand the shocks that will inevitably be thrown at them. The hope is that those banks that have passed can now put this uncertainty behind them and focus on providing support to the economy. With the Euro zone economy spluttering, that cannot come soon enough. Will the Euro zone be together in the next 20 years?

Slower, but still strong. UK economic growth slowed slightly in Q3, to 0.7%q/q, from 0.9%q/q in Q2. As usual, services did most of the work, contributing 0.58 of the 0.7% increase. But since services account for an estimated 78% of the UK economy, that's not surprising. In fact if anything, production and construction are growing faster, and services are growing slightly slower, than they were in the years leading up to the downturn. The UK economy is now estimated to be 3% larger than it was in September 2013. Good yes, but below the 3.5% the Bank of England hoped for in its last Inflation Report. So oddly, despite growing above trend, this figure arguably makes a rate rise slightly less likely rather than more so. Do we believe these statistics?

Insolvencies cost UK taxpayer £4.4bn
to £4.4bn was lost by the UK `s HMRC during 2012-13 due to “non-payment” of taxes in business and taxpayer insolvencies, according to the revenue’s latest Tax Gap Estimate report.

Read full story......

Stalemate. Minutes from the MPC’s October meeting showed members balancing the economy’s conflicting messages. Yet another month of data showed that growth is good, with unemployment falling but little evidence of that feeding through into wages or inflation. The two members who voted for rates to rise last month did so again, but failed to convince any of their colleagues to join their cause. The seven who want to keep rates where they are appear happy to wait and see how fast the UK and Euro zone economies are slowing before taking any action. Will the bank rate rise `big-time` in 2016?

The only way is down. The volume of UK retail sales fell by 0.3% in the month to September. While a monthly fall is not uncommon (since the tail-end of 2011 it's happened almost every other month on average), it does suggest a diminishing appetite for spending. Sales grew by just 0.3% in the three months to September, the weakest this year. Rising prices are not the cause. Indeed retailers are cutting prices to try and attract shoppers. Prices are typically 0.9% lower than they were last year and 1.4% lower if we include the cost of filling up your car. No sign of inflationary pressure here either. Very high domestic debt/very high UK government borrowings still continue/credit card borrowing still very high/`real unemployment` is high!

Off target. We are half way through the UK government’s fiscal year and if the second half is much like the first then the borrowing target set in the Budget will likely be missed. Net borrowing over the past six months has been £5.4bn greater than it was in the same period of 2013. That is going to make it hard to beat the Office for Budget Responsibility’s estimate of an £11bn fall over the full year. With economic growth so strong and yet the deficit still stubbornly large the Autumn Statement is likely to see more of the gap classed as structural rather than cyclical. And that means more austerity. The UK borrowings now seat at £1.4 trillion!

Ray of light. The Euro zone Purchasing Managers' Index (PMI) bucked expectations by eking out a small rise in the flash estimate for October. The composite reading, which covers both manufacturing and service sectors rose from 52 to 52.2. That expansion is welcome but does little to allay fears of recession or deflation, particularly as activity in France fell further with its PMI now down to 48, suggesting an even faster rate of contraction. France and Italy are in deep trouble!

More than meets the eye? China's economy grew by 7.3%y/y in Q3, an envious rate of growth by most country's standards. But it's China's slowest pace since the financial crisis hit over five years ago. Slower credit growth and falling property prices are taking their toll. But even this relatively low figure may be overstating things. China's reported GDP figure always comes in remarkably close to the forecast figure. In India the average difference between the reported and forecast figures is three times larger than China's. And the spread of outcomes is wider too. It's going to take more than a simple GDP reading to identify the full extent of China's slowing economy.

How dangerous is China's debt?


It will not drag down the world economy but it could zombify China's financial system


Nothing to see here. US inflation remains subdued. Consumer prices increased by 1.7%y/y in September. Higher food prices offset lower energy costs. In the labour market, real wages edged up by only 0.3y/y. With plenty of spare capacity in production industries and the job market some way off full employment, it’s no surprise that inflation continues to undershoot the Fed's target. The only surprise is that some Fed members continue to muse about the need for higher interest rates. They are unlikely to prevail any time soon. More unemployment to come in 2015/US borrowings £17 trillion and rising rapidly!

About the Author Colin Thompson

Colin is a former successful Managing Director of Transactional/Document Manufacturing Plants, Document Management/Workflow Solutions companies and other organisations, former Group Chairman of the Academy for Chief Executives, Non-Executive Director, Mentor - RFU Leadership Academy, Mentor - Coventry University, Mentor - The Chartered Institute of Personnel and Development, author/writer Business Advice Section for IPEX, Graphic Display World, NewsUSA, GraphicStart, many others globally, helping companies raise their `bottom-line` and `increase cash flow`. Plus, helping individuals to be successful in business and life in general. Author of several publications, research reports, guides, business and educational models on CD-ROM/Software/PDF and over 2000 articles and 35 books published on business and educational subjects worldwide. Plus, International Speaker/Visiting University Professor.

--- --- ---
Written and submitted by:

Dr Colin Thompson
Managing Partner
Direct: + 44 (0) 121 247 4589
Mobile: 07831 588310
Office: + 44 (0) 121 244 1802
email: colin@cavendish-mr.org.uk
Skype: colin.thompson384


http://www.cavendish-mr.org.uk

The Cavendish Academy
http://www.linkedin.com/e/-tc85tw-gbkla9w4-1f/vgh/3212542/
--- --- ---

ECB Bank Stress Test - Economics Weekly

Rating: 3 (0 today) - Visits: 599 (41 today)
Read the full article | Bookmark this article(to my MFP account)

Comments on this item:

wq123
28-06-2016 09:07:27
By the balcony, [b]hollister[/b] I [b]polo ralph lauren outlet[/b] saw [b]ferragamo[/b] at [b]longchamp outlet[/b] a glance not [b]beats audio[/b] far from [b]nike free shoes[/b] the [b]ugg australia[/b] river [b]nike.com[/b] bank [b]jimmy choo shoes[/b] on [b]swarovski[/b] Chuiyangliu [b]nfl cowboys[/b] row, [b]ugg boots[/b] each looking [b]swarovski jewelry[/b] at [b]pandora[/b] the [b]nike shoes outlet[/b] willow [b]giuseppe shoes[/b] in [b]woolrich clearance[/b] the [b]hollister co[/b] wind [b]puma[/b] whirling [b]toms outlet[/b] dance, [b]pandora jewellery[/b] the [b]bcbg max azria[/b] old [b]the north face outlet[/b] house for [b]denver nuggets [/b] the [b]rolex replica[/b] country's [b]ralph lauren polo[/b] memory [b]nike free 5.0[/b] will [b]nike store[/b] instantly [b]air jordans[/b] come [b]adidas shoes[/b] to [b]new balance[/b] mind, that [b]longchamp taschen[/b] touch [b]nike outlet[/b] the [b]tiffany and co[/b] heart [b]new balance shoes[/b] attachment [b]michael kors bags[/b] to [b]ralph lauren[/b] the [b]ralph lauren online[/b] old house, like [b]nop jerseys[/b] the spring [b]tommy hilfiger online shop[/b] brook [b]ralph lauren[/b] plants, [b]louboutin[/b] soaring, [b]ray ban[/b] hovering [b]ugg boots clearance[/b] ......


Today [b]north face outlet[/b] the [b]nba jerseys[/b] old [b]michael kors[/b] house, [b]russell westbrook jersey[/b] really [b]ray ban sunglasses[/b] old, [b]mcm handbags[/b] no [b]burberry handbags[/b] longer [b]nike outlet[/b] its [b]toms.com[/b] former [b]ralph lauren outlet[/b] glory. [b]omega watches[/b] It, [b]tommy hilfiger[/b] the [b]the north face outlet[/b] face [b]suns jerseys[/b] of [b]kate spade[/b] the [b]asics gel[/b] ditch and [b]nike mercurial[/b] gully [b]true religion jeans outlet[/b] gully, covered [b]vans shoes[/b] with [b]oakley outlet online[/b] potholes, [b]washington wizards[/b] and that [b]soccer shoes[/b] the dregs [b]longchamp outlet[/b] of [b]air max[/b] the [b]adidas superstar[/b] walls, mottled [b]tiffany and co[/b] door [b]valentino shoes outlet[/b] old [b]prada handbags[/b] window [b]ray bans[/b] frames, [b]www.tommyhilfiger.nl[/b] as well [b]ray ban[/b] as [b]longchamp[/b] scattered [b]nfl lions[/b] tiles, [b]nfl dolphins[/b] let [b]polo ralph lauren[/b] the [b]los angeles clippers[/b] old [b]converse outlet[/b] house [b]roshe run[/b] looks [b]cheap eyeglasses[/b] like [b]abercrombie[/b] a [b]uhren[/b] doomed [b]jimmy choo[/b] old. [b]michaelkors.com[/b] Weathered [b]puma outlet store[/b] the [b]ralph lauren[/b] years, it [b]mcm handbags[/b] had water [b]coach factory outlet[/b] peeling [b]salvatore ferragamo[/b] face; [b]chi hair[/b] fleeting [b]tommy hilfiger outlet stores[/b] storm [b]red bottoms[/b] withdrew [b]iphone 5 cases[/b] its watery [b]celine handbags[/b] Love. [b]roche run[/b] Through rain and [b]prada outlet[/b] wind [b]tiffany and co[/b] to the [b]ray ban zonnebril[/b] old house [b]nike roshe[/b] has [b]toms outlet[/b] been [b]hollister online shop deutschland[/b] time [b]salomon schuhe[/b] branded [b]nfl patriots[/b] a [b]maccosmetics.com[/b] deep imprint.


When [b]sac jerseys[/b] deep [b]michael kors outlet online sale[/b] and [b]instyler ionic styler[/b] shallow [b]nike air[/b] cracks [b]softball bats[/b] on [b]northface[/b] the [b]nike free run[/b] wall of [b]lululemon canada[/b] the [b]nike huaraches[/b] old [b]timberland shoes[/b] house [b]michael kors outlet[/b] I [b]nfl raiders[/b] looked [b]roshe run[/b] blooming, [b]gsw jerseys[/b] looking at [b]the north face[/b] the layers [b]nfl bills[/b] of moss on [b]nfl buccaneers[/b] the [b]marc jacobs handbags[/b] old [b]nike huarache[/b] house [b]polo ralph[/b] roof [b]hermes birkin[/b] tile ditch covered [b]relojes especiales[/b] with [b]portland trail blazers[/b] scales, [b]coach factory outlet online[/b] the [b]nba jerseys[/b] heart [b]air jordan[/b] can [b]nfl jerseys[/b] not help [b]nike.de[/b] but [b]nfl eagles[/b] faint [b]hermes outlet[/b] pain. [b]oakley sunglasses outlet[/b] In [b]ray ban[/b] my [b]toronto raptors[/b] childhood [b]michael kors outlet online[/b] memories, [b]air max 95[/b] the old [b]louboutin outlet[/b] house [b]kate spade outlet online[/b] is [b]nets jersey[/b] so [b]longchamp[/b] tall [b]coach purses[/b] and [b]new balance[/b] straight, [b]lululemon[/b] is [b]nfl colts[/b] so [b]lululemon australia[/b] amiable [b]burberry outlet online[/b] warmth [b]roshes[/b] is so [b]supra footwear[/b] warm, [b]coach factory outlet online[/b] an [b]air jordan shoes[/b] old house [b]chicago bulls[/b] a [b]air max 90[/b] wooden [b]adidas.se[/b] beam, [b]nike tn requin[/b] brick [b]nike air force[/b] by [b]nfl vikings[/b] brick, all carrying [b]pandora bracelets[/b] my [b]montre pas cher[/b] story, [b]nike.dk[/b] my [b]pandora[/b] dream.


I still [b]abercrombie and fitch[/b] remember, [b]ray ban wayfarer[/b] once [b]gucci belts[/b] the old [b]abercrombie[/b] house [b]uggs[/b] there are always people [b]timberland homme[/b] coming and going, [b]michael kors bags[/b] laughing, full [b]ray ban outlet[/b] of [b]juicy couture[/b] guests [b]abercrombie.com[/b] surplus; [b]nike outlet store[/b] I still [b]nfl steelers[/b] remember [b]nfl bengals[/b] the old house there [b]levis outlet store[/b] is [b]rayban[/b] always smoke [b]michael kors purses[/b] curl, [b]michael kors handbags[/b] delicious food, [b]air max[/b] warm [b]free running[/b] House. [b]adidas[/b] Life [b]jerseys from china[/b] was [b]oakley sunglasses outlet[/b] simple [b]ugg[/b] though, [b]watches[/b] but [b]long champ[/b] the [b]marc jacobs outlet[/b] father's [b]ugg[/b] smart [b]michael kors australia[/b] and capable, [b]polo outlet online[/b] industrious [b]chanel[/b] and [b]Nike Free Shoes[/b] thrifty [b]adidas.de[/b] because [b]north face[/b] of [b]toms outlet[/b] her [b]cheap oakley[/b] mother's, [b]mcm bags[/b] all [b]ghd hair straighterners[/b] days are wonderful, unforgettable. [b]michael kors[/b] Looking [b]flat iron[/b] back [b]knicks jerseys[/b] today, [b]barbour mens jackets[/b] I [b]cheap oakley sunglasses[/b] fleeting light and [b]thomas sabo[/b] shadow, [b]abercrombie and fitch kids[/b] but also vaguely [b]hilfiger[/b] saw [b]barbour outlet[/b] that [b]tory burch sandals[/b] figure had [b]nike air max[/b] dealings; I [b]nfl chargers[/b] gramophone [b]designer handbags[/b] years, [b]cheap basketball shoes[/b] can [b]moncler women jackets[/b] faintly [b]houston rockets[/b] hear the [b]replica handbags[/b] sound [b]oakley sunglasses cheap[/b] of scattered once.


Chapman [b]cleveland cavaliers jerseys[/b] gently [b]tiffany und co[/b] pushed [b]nike online[/b] the [b]bcbg dresses[/b] door [b]true religion[/b] of the [b]zapatillas nike[/b] old [b]tiffany[/b] house, [b]bos jersey[/b] I [b]burberry bags outlet[/b] heard [b]cheap oakley sunglasses[/b] a [b]rayban sunglasses[/b] "squeak", Chapman [b]michael kors v?skor[/b] issued [b]north face pas cher[/b] a [b]chanel purses[/b] heavy [b]adidas neo[/b] sigh. [b]cheap michael kors[/b] Crossed [b]memphis grizzlies[/b] the [b]nfl jaguars[/b] threshold, [b]replica watches[/b] I saw [b]burberry online shop[/b] on [b]calvin klein[/b] a [b]prada sunglasses[/b] corner [b]nike air max 2015[/b] edge [b]swarovski[/b] placed [b]nfl panthers[/b] a [b]bottega veneta[/b] variety of [b]nike huaraches[/b] tools [b]san antonio spurs[/b] that [b]ugg australia[/b] are [b]ray ban outlet[/b] used [b]converse shoes[/b] when [b]mcm backpack outlet[/b] mom [b]gucci outlet[/b] and [b]nfl titans[/b] dad [b]toms shoes[/b] living [b]nike outlet[/b] life eighteen [b]michael kors outlet[/b] weapons, [b]nfl giants[/b] although [b]michael kors handbags[/b] they [b]cheap ray ban[/b] are covered [b]tommy hilfiger[/b] with dust, [b]burberry handbags[/b] no [b]hair straightener[/b] longer [b]air max 2014[/b] bright, but they [b]hollister clothing store[/b] my [b]burberry outlet[/b] memory [b]coach outlet store[/b] is [b]north face jackets[/b] still [b]nfl broncos[/b] shining, [b]cheap nike shoes[/b] style [b]uggs[/b] remains.


That [b]uggs outlet[/b] old [b]burberry sale[/b] house [b]supra men shoes[/b] in [b]coach outlet[/b] front of [b]giuseppe zanotti[/b] the [b]jordan release dates[/b] wells, the [b]ray ban sunglasses[/b] wall [b]canada gooses outlet[/b] is [b]abercrombie fitch[/b] incomplete, inside [b]mizuno running shoes[/b] a [b]dallas mavericks jersey[/b] muddy, [b]tory burch shoes[/b] weed spring [b]coach factory outlet online[/b] and [b]louboutins[/b] rebirth [b]michael kors outlet online[/b] side. [b]chanel sunglasses[/b] Memory, [b]mcm outlet[/b] and [b]the north face[/b] that [b]ralph lauren outlet online[/b] well [b]ray ban sunglasses[/b] water [b]coach factory online[/b] cool, [b]beats audio[/b] clear [b]cheap oakley[/b] and [b]the north face[/b] tasty. [b]air max 90[/b] Tell [b]polo ralph lauren[/b] because [b]gooses[/b] he wanted [b]nfl bears[/b] to [b]mia jersey[/b] have fun, [b]coach factory outlet online[/b] or [b]hermes bags[/b] because [b]mac cosmetics[/b] listened [b]ralph lauren outlet[/b] to [b]cheap true religion[/b] my father [b]beats by dre[/b] tell [b]lulu lemon[/b] the story [b]kobe bryant jersey[/b] of [b]polo ralph lauren outlet online[/b] Butterfly [b]nfl saints[/b] Lovers, [b]baseball jerseys[/b] when [b]michael kors bags[/b] I [b]nfl rams[/b] was [b]dre beats[/b] young, [b]tory burch shoes[/b] the [b]abercrombie[/b] old [b]nfl browns[/b] love [b]moncler outlet online[/b] lie [b]toms shoes outlet[/b] at [b]oakley sunglasses[/b] the [b]prada outlet[/b] wellhead, [b]nike.se[/b] looking [b]orlando magic[/b] at [b]uggaustralia.com[/b] her reflection [b]prada[/b] in the well shouting, [b]air jordan retro[/b] beaming. [b]wedding dresses uk[/b] Now, [b]ray ban sunglasses outlet[/b] when [b]charlotte hornets jersey[/b] I [b]replica watches[/b] again [b]nike roshe[/b] leaned over, [b]burberry[/b] put his [b]rolex[/b] ear [b]kate spade outlet[/b] close wellhead, I [b]oakley outlet[/b] could [b]nike air max[/b] hear [b]bottega[/b] the [b]thomas sabo uk[/b] faint [b]ray-ban sunglasses[/b] echo [b]coach purses[/b] of my [b]christian louboutin[/b] childhood [b]jordan shoes[/b] remain [b]clothing websites[/b] in [b]coach bags[/b] the [b]coach outlet online[/b] wells. [b]nfl jets[/b] (Read [b]tiffany jewelry[/b] the [b]insanity calendar[/b] article Network: [b]new balance store[/b] www.sanwen.net)


He [b]coach outlet[/b] looked [b]replica rolex[/b] up hope, [b]philadelphia 76ers jersey[/b] big [b]gafas oakley[/b] jujube [b]babyliss[/b] tree old [b]nike mercurial vapor[/b] house [b]mcm bags[/b] before it [b]gucci shoes[/b] touches as [b]uggs outlet[/b] in the [b]harrods london[/b] past, [b]nike air[/b] when [b]coach outlet sale[/b] the [b]louboutin[/b] wind through [b]bebe dresses[/b] the leaves, [b]true religion jeans women[/b] those [b]nfl 49ers[/b] rustling [b]ralph lauren factory store[/b] sound, still [b]timberland boots[/b] full [b]cheap glasses[/b] of [b]uggs[/b] sound [b]nike air max[/b] like a [b]replica watches[/b] call [b]uggs[/b] as [b]wedding dresses[/b] before. The [b]michael kors[/b] annual autumn [b]polo ralph lauren[/b] harvest [b]nfl azcardinals[/b] is the jujube, jujube fruit of [b]free run[/b] their labor [b]michael kors bags[/b] when, [b]swarovski[/b] covered [b]ferragamo shoes[/b] Mimizaza [b]ed hardy clothing[/b] hung [b]air max 2015[/b] with [b]nfl chiefs[/b] red [b]burberry uk[/b] jujube [b]oakley sunglasses[/b] agate [b]minnesota timberwolves[/b] like [b]shoes on sale[/b] when [b]timberland outlet[/b] my [b]nike air max 2014[/b] sister [b]nfl redskins[/b] and [b]new balance[/b] I, [b]designer handbags[/b] as well [b]nfl ravens[/b] as [b]coach bags[/b] neighbors [b]air max shoes[/b] little [b]baseball bats[/b] friends, [b]michael kors canada[/b] he [b]cheap oakley sunglasses[/b] was [b]ralph lauren uk[/b] like [b]burberry[/b] a [b]toms outlet[/b] monkey-like Huan [b]burberry handbags[/b] jump, [b]pistons jersey[/b] scurry, [b]gucci mens shoes[/b] excited [b]burberry outlet online[/b] to [b]fake rolex[/b] climb the [b]polo ralph lauren outlet[/b] branches, [b]p90x workout schedule[/b] while [b]vans schuhe[/b] picking [b]jordans for sale[/b] eating, [b]michael kors[/b] enjoying [b]milwaukee bucks[/b] themselves. [b]nfl falcons[/b] That dates ah, [b]nfl texans[/b] really [b]longchamp handbags[/b] eat [b]nba jerseys[/b] up crisp [b]swarovski australia[/b] and [b]christian louboutin shoes[/b] sweet, [b]mont blanc pens[/b] memorable.


After that [b]indiana pacers[/b] small [b]oakley[/b] ditch [b]oakley[/b] the old house, [b]burberry outlet online[/b] now [b]ralph lauren shirts[/b] the [b]asics[/b] water [b]pandora[/b] has [b]adidas sneakers[/b] been [b]wedding dresses[/b] covered [b]vans outlet[/b] duckweed, [b]utah jazz[/b] water flowing [b]gucci handbags[/b] almost [b]wedding dresses uk[/b] invisible. [b]michael kors purses[/b] Now, [b]michael kors outlet online[/b] I no [b]uggs[/b] longer [b]coach outlet[/b] see [b]hogan[/b] the water [b]huaraches[/b] ripples, [b]gucci shoes outlet[/b] the [b]lululemon outlet[/b] fish can [b]michael kors outlet online sale[/b] not [b]michael kors bags[/b] see [b]rayban[/b] the [b]swarovski crystal[/b] play; no [b]ralph lauren uk[/b] longer hear [b]coach handbags outlet[/b] water [b]hilfiger outlet[/b] gurgling, [b]burberry handbags[/b] hear [b]converse chucks[/b] the water [b]michael kors outlet[/b] sing. [b]coco chanel[/b] I [b]oakley[/b] only [b]nfl seahawks[/b] saw [b]hollister kids[/b] the [b]toms shoes[/b] ditch [b]converse[/b] in the [b]oakley prescription[/b] middle of [b]nfl packers[/b] withered [b]gucci[/b] lotus furrowed [b]iphone 4s cases[/b] brows; [b]tory burch sale[/b] I [b]michael kors handbags[/b] only [b]reebok[/b] heard [b]ugg australia[/b] whispering reeds [b]north face backpacks[/b] at [b]beats by dre[/b] the [b]wholesale handbags[/b] edge [b]pandora rings[/b] of [b]scarpe hogan[/b] the [b]gucci shoes[/b] ditch [b]juicy couture clothings[/b] past.

[b]michael kors outlet online[/b]
 
aaa
16-09-2016 20:55:53
Amazing post, Big Thanks home city trung kinh boi trung kinh complex rat nhieu home city sieu du an chung cu trung kinh cho thue
 


Post your comment
Your name:
 
E-mail Address(Not visible in comment):
 
 
Retype the number:
   
Your comment:
 




:8 :o? :) :P :/ :D :o :% :0/ :o| :? :o-
:DD :(( 8o :( 8D :N :Y :DDD 7| :luv: :\'( :(((

 
Feed of the Month
Wall Street Pit


Submit your own economic or stock news today!



Open Quark in InDesign








Site Owner: David
Location: Los Angeles
© 2006 - 2013 Help/FAQ | Privacy Policy | Terms & Conditions | About us | Contact | Your feed on this site?