Disclaimer. After nearly 40 years managing money for some of the largest life offices and investment managers in the world, I think I have something to offer. These days I'm retired, and I can't by law give you advice. While I do make mistakes, I try hard to do my analysis thoroughly, and to make sure my data are correct (old habits die hard!) Also, don't ask me why I called it "Volewica". It's too late, now.
BTW, clicking on most charts will produce the original-sized, i.e., bigger version.
Saturday, August 27, 2011
Here's my chart of year-on-year growth in OECD and BRIC industrial production (2007 GDP weights) OECD growth appears to be still decelerating, though more slowly. Growth in Europe has basically stopped (chart not shown). Once again, the ECB (European Central Bank) has demonstrated its rank incompetence. It needs to cut rates now, before it's too late. Certainly it ought to be doing some fairly serious quantitative easing. The US is OK, Eastern Europe is growing slowly but still positive (chart not shown), and the BRIC countries continue to grow solidly (on average) though a biggish chunk of that is now coming from China.
Posted by Nikolaos at 2:18 PM