The economic news this week has been somewhat dismal, nothing inspiring to recap what is best not noted. However, on the positive side, it seems car production in U.K. has picked up again, probably with good order books for export markets in developing nations. The 0.5 percent drop in GDP was thankfully not at all bad, and the increased public sector borrowing may be a blip to offset the shutting of the Elgin platform in the North Sea. The U.K. economy seems to be giving mixed signs, positive on balance.
- The "We must stick to Plan A" mantra is getting the wrong result.
The U.S. economy has entered a phase of consolidation of Recovery, with the housing figures improving as well as the manufacturing, tourism, transportation, food and other sectors. These are leading indicators of a strong positive 2013 for the U.S.
- Could the DOW Jones go up 500 points a month?
- Oil price is once again too high for Recovery
(This is what will decide whether we are to avoid a double dip)
- A new reality
(That's what readers have enjoyed reading early morning).
Hope you continue to read my blogs. I'll look forward to your comments.