I like the simple, easy read to the economy of the world. The Tea Leaf by Jeff Thredgold is my favorite way to stay in tune with what is going on globally. I would like to share another of this brilliant writings.
America—the concept of “decoupling” has drawn a lot of attention in recent months as the American economy has strengthened somewhat, whileEurope,China, andIndia slow down
Banks (European)—one of the major incentives for German and French leadership to throw hundreds of billions of euros atGreece,Ireland, andPortugal? German & French banks own massive amounts of bonds issued by the smaller nations
China—yes, the economy has slowed a bit, but 8.9% growth since last year’s fourth quarter is not exactly shabby. Legit concerns about overheated real estate markets exist
Dollar—many forecasters previously thought the euro would rise in prominence versus the dollar… not exactly. The dollar will remain the global community’s primary currency for years to come
Europe—here’s thinkin’ the Germans and the French wish they had never heard of the “European integration” concept. A recession is looming…if not already begun
Fed (the)—this nation’s central bank and many others continue to think up new ways to keep the global economy from falling on its face…not an easy task
Germany—wants smaller euro nations to get serious about deficit reduction before it hands over many more billions of euros as “loans.” Chancellor Merkel doesn’t want to play this costly game again anytime soon
Hunger—a child starves to death every six seconds somewhere in the world. Can’t we work together to stop this travesty?
Inflation—higher oil and food prices have hurt hundreds of millions of people around the globe, while most global Interest rates remain at historic lows
Japan—very sluggish economic growth (at best) over the past 20 years, after powerful performance in the ’60s, ’70s, and ’80s. Tens of millions of Japanese citizens wonder, “What Happened?”
Korea (North)—massive failure of this centrally planned economy leads to frequent “saber rattling.” Will new leadership help at all? Meanwhile, the South Korean economy continues to prosper
Latin & South America—growth prospects from mild to solid, withBrazil leading the way. Excessive government bureaucracy and corruption in the region limits gains
Mexico—even as drug cartel violence dominates the headlines, economic growth has been the best in 10 years. Greater employment opportunities at home are most welcome
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