What do an eight-legged creature in an aquarium in Germany and 74 economists have in common? The consensus view that Spain would claim the World Cup — until the economists, as they so often do, changed their minds.
If World Cup 2010 goes down as one of the most unpredictable and exciting competitions in recent history, bringing underdogs Holland and Spain to the final showdown, what was hopelessly routine was watching so-called expert opinion converge around the safest bet. At least among financial professionals, who have done so well of late predicting the future.
Goldman quant model saying nearly one in four chance U.S. back in recession in six months #recession #double-dip
Overcast London skies but Art Blakey’s Alamode on and sunshine in my mind
LONDON, July 5 (Reuters) – Global services growth geared
down a notch in June, data showed on Monday, supporting the view
in financial markets that emerging and developed economies are
set to cool off through the second half of the year.
The reports followed a series of similar health-checks on
global manufacturing last week which told a similar story and
which together could stoke smouldering fears of a double-dip
recession in some developed economies.
NEW YORK/LONDON (Reuters) – Manufacturing growth cooled around the world in June, with China hitting its slowest pace in more than a year and growth in the United States and Europe also easing — further evidence that the global economic recovery is moderating.
A separate report on Thursday showed big Japanese manufacturers unexpectedly turned optimistic through mid-June, but analysts worried that the positive outlook failed to account for the recent turmoil in the stock market and a rise in the yen.