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.
Tuesday, July 17, 2012
Brazil eases again
Brazil is about 3% of the world's economy. This means that 17% (including China) is poised to resume growth. Unfortunately, since the Euro-zone (the currency area which uses the Euro) is also 17% of the world economy, the one offsets the other. So we turn back to the US, roughly 20% of the world economy. And the question remains: is "payback" over? We'll be getting data soon which will help clarify the picture. But something has changed: whereas before Brazil and China were dragging with Europe, now they'll be accelerating. And that is an improvement.
Posted by Nikolaos at 8:14 PM