Investment Markets Overview – w/e 1 Feb 2013

According to Wikipedia, “Austerity” in economics refers to a policy of deficit-cutting by lowering spending via a reduction in the amount of benefits and public services provided., going onto say that austerity policies are often used by governments to try to reduce their deficit spending, usually coupled with increased taxes to demonstrate long term fiscal solvency to creditors. Indeed, this has been the medicine prescribed to a host of countries by the IMF, since its inception in 1944, in return for financial aid from its members, the largest member being the United States. The IMF has now changed its mind, however, stating that,” austerity can do a lot more damage than previously thought,” suggesting that the austerity measures implemented throughout Europe, to deal with their crisis, were founded on faulty assumptions and should be eased at the very least. Aside of pleasing European politicians, this about face is rather convenient to American policymakers, who have shown no desire at all for any real spending cuts throughout the fiscal cliff and debt limit “debates.”

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Subscribe to the Full Investment Markets Overview Newsletter which contains the following additional commentaries:-    

  • US economic data . . .

  • Euro-Zone   . . .

  • For the UK . . .

  • Out East   . . .

  • Elsewhere   . . .

  • The $US index  . . .

  • Within the commodities complex  . . .

  • Economic data due next week includes  . . .

  • Returning to the IMF’s change of heart on austerity medicine,  . . .
     

  • Charts:-
    1. Indices Weekly
    2. Contribution to Quarterly Change in Real GDP, in % points
    3. PMI Mftg Germany vs PMI Mfctg France
    4. Most Recent Forecasts for China’s GDP YoY %
    5. Non-Opec Supply Growth vs Global Oil Demand Growth

 

Table of 15 Indices, 11 columns of detailed information, for accurate analysis

 

“Truth is very inconvenient to Government, deception isn’t”

 

Click  HERE to view Details of the full version of this Newsletter

which includes full text and detailed Charts for each section

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One response to this post.

  1. Just a tip: Don’t use wikipedia as a reference, explore it to obtain some ground knowledge, certainly, but don’t refer to it directly – in University that’d get you an unhealthy 5 marks knocked off per instance!

    Otherwise, a nice, little article on a subject that quite clearly needed addressing considering the spiral Greece among other now find themselves in.

    Check out my latest article on de-industrialisation and why it has come back to haunt us if Economics/politics interest you 🙂

    Reply

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