Disclaimer

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. But I can't by law give you advice, and I do make mistakes. Remember: the unexpected sometimes happens. Oddly enough, the expected does too, but all too often it takes longer than you thought it would, or on the other hand happens more quickly than you expected. The Goddess of Markets punishes (eventually) greed, folly, laziness and arrogance. No matter how many years you've served Her. Take care. Be humble. And don't blame me.

BTW, clicking on most charts will produce the original-sized, i.e., bigger version.

Thursday, June 21, 2012

World Growth ...

... sluggish.  We only have data for the US and China for May IP, with my estimates for the other countries.  But this is what the 3 month rate of change for world IP (industrial production) looks like:  May slowing somewhat.  Still likely to be revised later, when actual data become available -- and prolly revised down.


The chart shows the percentage change of my indices of industrial production over the same index 3 months ago, not annualised.

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