Investment Markets Overview — W/E 12th August 2016

GDP….”a monetary value of all finished goods and services within a Nation or region,” and better known as “economic growth,” are recorded on a quarterly basis and provide a snap-shot of how well, or otherwise, a nation or region is progressing. Unfortunately over the past few years, just about every Nation on the planet is recording a trend of lower economic growth rates. Hot on the heels of the latest tepid numbers from the US and the UK, at a respective rate of 1.2% and 2.2% annualised, this week saw the latest for the Euro-Zone, which was stated at an unchanged 1.6%, whilst last week’s overview expanded on the world’s 2nd largest economy, China, and in particular its debt and GDP inter-relationship. Next week will see the latest from Japan, the world’s 3rd largest economy, which is also likely to disappoint and whilst this column has been at pains to point out the cause of the now rapidly slowing world, unsustainable debt levels, it has also predicted that the policy response to it, of even more debt among other futile measures, would only compound the problem and turn a painful but relatively brief recession, defined as two consecutive quarters of negative GDP, into a more protractive period beginning with “D.” Policy-makers appear to be in denial in respect of the result of their collective efforts and perhaps none more so than Ex European Commissioner and former Italian Prime Minister, Mario Monti, who in a Bloomberg interview this week suggested that Italy’s banking problems are being exaggerated. This is expanded on below.

12 Aug 16 .

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 . . .

  So, coincidentally in a week that confirmed Italy’s Q2 GDP had stalled to 0% against the 0.2% forecast, Mario Monti actually recognised ……

Charts:
1.  Indices Weekly
2. US Retail Sales M on M V US Retail Sales Y on Y
3. E-Z GDP V Italy GDP
4. China Imports V  China Exports
5. Commodities Weekly

Table:

13 Indices, 11 columns of detailed information, for accurate analysis

“Complacency, a feeling of security, often while unaware of some potential danger.

Click Here to view Details of the full version of this Newsletter which includes full text and detailed

 

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