Investment Markets Overview – w/e 14 June 2013

The World Bank cut its January 2013 Global growth forecast of 2.4% to 2.2% this week, citing a deeper than expected recession in Europe and a slowdown in China and India. This comes hot on the heals of similar downgrades by its sister organisation, the IMF and the recent OECD economic report. The World Bank’s “Global Economic Prospects Report,” suggests thatthe global economy appears to be transitioning toward a period of more stable, but slower growth,” going on to suggest that, “the recovery is on more solid ground in the United States.” Nowhere within the report was there a mention of the 44% of American homeowners whose mortgages are larger than the value of their properties or that 11% of the $US 1 Trillion of US student loans, the largest category of consumer debt besides mortgages, are seriously delinquent, meaning at least 90 days past due date. But then again, we are realists as opposed to fantasists.

130614_chart

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

  • US economic data . . .

  • Euro-Zone   . . .

  • The UK . . .

  • Out East   . . .

  • The $US index  . . .

  • Within the commodities complex  . . .

  • Economic data due next week includes  . . .

  • A recent New York Times article highlighted just how dire the month . . .
     

  • Charts:-
    1. Indices Weekly
    2. US Capacity Utilisation vs US GDP
    3. UK Av’ge Weekly Earnings vs UK 3 Month Unemployment Rate
    4. Japan GDP vs Nikkei Dow 225 vs Japan Consumer Confidence
    5. Total Rtn on selected Barclay’s fixed-income indexes, through June 6, 2013

 

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

“Governments don’t have trillion-dollar debt because they haven’t taxed enough

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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