There are some key issues surfacing this week:-
Inflationary (i.e. price rise) indications are increasing
The Rouble is in terrible trouble -- security of energy and 'detente'
Bank 'earnings' are rising -- this is public money being used to bolster the banks' balance sheets
Japan has declared a major problem with industrial sales
Obama's holiday has ended. Rather earlier than the usual 100 days.
The world's central banks are now using Quantitative Easing (=printing money) and reducing interest rates to try to reverse the trend. Meanwhile the trend line continues to take a sharper fall.
I will try to post again this week with some analysis and opinion but meanwhile keep an eye on these issues.
Thursday, 5 February 2009
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