The big picture – 17th december
It is far too easy to focus on what is right in front of you rather than looking at the big picture. I keep hearing calls for the Dollar to be sold and the Euro to make a recovery, this may happen for short spells, but fundamentally the Euro is far weakener than the Dollar.
My big picture analysis may show that the US economy is slowing, but the European economy has barely got going and is already showing signs of weakness. China’s economy is slowing for a number of reasons which may have a knock effect to some of their biggest suppliers.