Tuesday, 29 July 2014

Charts today - strategists/forecasts, European issues, the Pound and shale on your doorstep?

Charts today start with the annual 'the strategist gets it wrong' chart...well mostly at the turning points (the perils of extrapolation...!!)

European core inflation trends.  Bruegel say they are bottoming...certainly dull.

Europe still has issues...

Talking about Europe, the IMF's comment about the Pound interesting (especially following the report yesterday that UK profit warnings are higher due to the strong Pound)...we need the US dollar to go up otherwise I fear we will slide into 'everyone wants a weak currency'...

Talking about the UK...shale on your doorstep?

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