7 “Non-Debt” Headlines to Brighten Your Day

To say there has been a lot of gloom and doom lately in the financial headlines is certainly an understatement. Between the US debt ceiling crisis (which seems to have worked itself out) and the rather gloomy news coming from Europe’s debt problems, one might think that economic armageddon is just around the corner. As always, my recommendation is to ignore the headlines, but if one looks a bit closer at the business pages, they might find that things are not all that bad. Thanks to Jim Parker of DFA for finding these recent headlines from last week:

  • Robust Growth in Germany Pushes Prices—Analysts see a strong chance that German inflation will head towards 3 per cent by the end of the year against a backdrop of robust growth in Europe’s biggest economy. (Reuters, July, 27, 2011)
  • Brazil Domestic Demand Still Strong—The Economist Intelligence Unit says economic growth in Brazil surprisingly picked up speed in the first quarter, challenging the government’s efforts to cool the expansion. (EIU, July 6, 2011)
  • Japan Retail Sales Top Estimates—Japan’s retail sales rose 1.1 per cent in June, exceeding all economists’ forecasts and adding to signs the economy is bouncing back from an initial post-disaster plunge. (Bloomberg, July 28, 2011)
  • No Fear in China—Traders betting on gains in China’s biggest companies are pushing options prices to the most bullish level in two years. The Chinese economy is projected to grow by 9.4 per cent in 2011. (Bloomberg, July 28, 2011)
  • Southeast Asia Booms—Southeast Asian markets are the world’s top performers in 2011 thanks to strong economic and corporate fundamentals. Thailand’s index hit a 15-year high in July and Indonesia’s a record high. (Reuters, July 22, 2011)
  • Australian Boom Keeps Rate Rise on the Agenda—The Australian dollar hit its highest level in 30 years in late July as traders looked to the prospect of another rise in interest rates on the back of a resource investment boom. (WSJ, July 27, 2011)
  • NZ Bounces Back—The New Zealand economy has grown more strongly than expected after the Christchurch earthquake, helped by improving terms of trade. The Reserve Bank signals it may raise interest rates soon. (Bloomberg, July 28, 2011)

 

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Ken Weingarten, MBA, CFP®

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