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.

Sunday, November 3, 2013

Abenomics in action

A roaring Japanese recovery.  If they can actually carry out the serious micro-economic reforms necessary, the growth will continue.

Just a reminder: this index is a diffusion index -- 50 represents the point at which negative and positive responses are exactly equal, while an index level greater than 50 indicates an expanding economy, one below 50 a contracting one.

Modest China rebound continues

The HSBC PMI rose again; industrial production has clearly bottomed. Doesn't mean China is going back to previous 15% plus IP growth rates, but does mean that there isn't going to be a "hard landing".