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.

Friday, July 27, 2012

Jobless claims trending lower

I talked about this useful indicator two weeks ago, when it fell sharply (it falls when the economy is strong, and rises when it's weak). It rebounded in the next week after my previous piece, but has fallen again.  Another sign that "payback" is over.  [Chart courtesy of Econoday.]

The US looks like it will continue to grow.  The European slow-motion trainwreck is still an issue, but maybe Draghi's statement last night is a sign that finally -- finally! -- the ECB is going to start behaving like a real Central Bank.  More on Europe later.  I've just updated my world industrial production programs, data and charts.  But I'm busy as, so you'll have to wait!

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