UK: Export Surge

The UK economy is recovering at its best rate since 2010 today with figures that are released by the British government via the Office for National Statistics (ONS). The trade deficit was reduced in June. Exports for the 2nd quarter of 2013 amounted to £78.4 billion, which is the highest level recorded (coming principally from…

China Gets New Spring in its Roll

It’s like the cherry blossom on the trees has just opened, Shanghai has get a new spring back in its step and it’s on a roll. There on a spring roll. At least, that’s what we are being told. Whether we believe it or not, is entirely another matter. The art of autosuggestion or the…

European Bank Union Will Fail

When it was suggested it was considered in the blazing battles of the bail-outs and the scraping of the bottom of the drawers for extra cash as the God-sent answer to all EU woes and worries. Suddenly, Eureka, and Angela Merkel jumped out of the bathtub and ran down the streets of Brussels starkers, as…

Greeks Bum Out Again

The Organisation for Economic Development tells us in a report published today that the outlook in the next six to nine months in the EU looks as if it is stabilizing. US jobs claims are down again this month and the country looks as if it is strengthening and firming up its economic activity. But,…

BRICS Crumble

‘The bigger they are, the harder they fall’ has always been true and is seemingly even more so today with regard to the BRICs (Brazil, Russia, India and China). The Organisation for Economic Co-Operation and Development (OECD) shows that there is a divergence with regard to growth patterns in economies around the world. While the…

China’s Import Surge

China published figures Thursday regarding its trade surplus and they were far better than expected. Some say that this may be the tell-tale signs of the proof that the economy is stabilizing. But, only a few weeks ago there was worry that the Chinese economy was contracting, that it had no liquidity left and that…