Just in case Europe didn’t have you feeling uncertain enough, new data out of the OECD shows slowing global growth. Their latest release of leading indicators shows broad weakness:
“Composite leading indicators (CLIs) for July 2011, designed to anticipate turning points in economic activity
relative to trend, continue to point to a slowdown in economic activity in most OECD countries and major nonmember economies. The CLI for the OECD area fell 0.5 point in July; the fourth consecutive monthly decline.Compared to last month’s assessment, the CLIs for Canada, France, Germany, Italy, the United Kingdom,
Brazil, China and India are pointing more strongly to a slowdown in economic activity. The CLIs for the
United States and Russia are now also pointing more clearly to a slowdown in economic activity than in
last month’s assessment.The outlook for Japan continues to indicate a potential turning-point in economic activity.”
Mr. Roche is the Founder and Chief Investment Officer of Discipline Funds.Discipline Funds is a low fee financial advisory firm with a focus on helping people be more disciplined with their finances.
He is also the author of Pragmatic Capitalism: What Every Investor Needs to Understand About Money and Finance, Understanding the Modern Monetary System and Understanding Modern Portfolio Construction.
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