I’ve done this once before, but I’m going to do it again.
Good sources are hard to come by.
Maybe its my bias speaking but I find coherent, rational, sensible, calm analysis to be of great value.
So, once again I recommend Data Diary.
Check this out, from the WSJ today:
The world’s largest economies will continue to slow, but at different rates, according to the Organization for Economic Cooperation and Development.
The Paris-based think tank Monday said its leading indicator of economic activity in its 34 members fell to 100.1 in October from 100.4 in September. It was the eighth straight monthly decline in the measure, indicating the slowdown in growth across developed economies since the third quarter of last year is set to continue. The composite leading indicators for major developing countries also pointed to a continued slowdown.
“So what?”, you say.
Well, the “So what?” is that Data Diary was specifically warning of this development back in March of this year – providing a sensible, measured heads-up to those listening:
While the headline expansion continues apace in the US and Europe, the momentum of the indicators looks to be peaking…
These indicators are docile creatures that tend to be slow to move but, once started, are difficult to stop. Reading a turn into the developed world indicators might be premature but given the expected tightening in global money (ex-Japan) over the next six months has a reasonable basis.