Early this morning I was high up in the Penthouse Suite of Barings overlooking London for a briefing on Asia Economies. Over a bacon roll I discover this article in CityAM. I ask one of the presenters how exports can be rising in China and yet the Baltic Dry is sliding? She admits that the Chinese numbers maybe a bit flaky. This PM the US surprises markets with stats that show the US economy shrank a steep 2.9% in Q1. I am used to my political and economic forecasts being right over the medium to long term…but have never been proved right in just a matter of hours! Champagne (and more bacon rolls) all round!
