I confirm what i said in my blog entitled '2016' back on 27th December 2015.
I see quite a bit of a downturn on the global economies, which will hit the UK.
Believe it or not it's backed by an index called ' Baltic dry Index'.
This is really an unknown index which measures the shipping of raw materials and their costs etc.
We are currently lower than when the global economy sank back in 2008.
So this doesn't bode well. I have said that the UK economy is still fragile and it was right that the BOE hasn't raised interest rates.
The whole manufacturing thing in China over the past 15 years would make sense for the index, as raw materials had to be imported by China.
Now they have a double whammy.
They bought alot of raw material companies in Asia and they bought 95% of rare Earth material companies. Now that their industry has gone down they won 't need to ship as much, which will mean companies going under in various countries, which means unemployment and less money to be spent in those countries.
This is against the forecasts of the UK government, but they always tell people what they want to hear-right?
So not good!
I see quite a bit of a downturn on the global economies, which will hit the UK.
Believe it or not it's backed by an index called ' Baltic dry Index'.
This is really an unknown index which measures the shipping of raw materials and their costs etc.
We are currently lower than when the global economy sank back in 2008.
So this doesn't bode well. I have said that the UK economy is still fragile and it was right that the BOE hasn't raised interest rates.
The whole manufacturing thing in China over the past 15 years would make sense for the index, as raw materials had to be imported by China.
Now they have a double whammy.
They bought alot of raw material companies in Asia and they bought 95% of rare Earth material companies. Now that their industry has gone down they won 't need to ship as much, which will mean companies going under in various countries, which means unemployment and less money to be spent in those countries.
This is against the forecasts of the UK government, but they always tell people what they want to hear-right?
So not good!
No comments:
Post a Comment