With the start of the Chinese New Year even the mainstream press seems to be devoting quite a bit of space to how the year of the dragon will pan out economically. I guess with so many eyes now trained on China this was to be expected and for the record the year of the dragon is supposed to bring unpredictability and change. Could be very apt for 2012!
One article I read relating to the Chinese New Year told of a famous Chinese soothsayer who was predicting a stormy year ahead and while even a laymen could tell you that, it did remind me of a stockbroker I knew in Tokyo who used horoscopes in his work. While I can’t remember the details I think he used it mainly to decide on which days one should be buying or selling stocks. Given that the markets have been so unpredictable themselves recently it might be worth a try!
Recently there has been a spate of articles on the hollowing out of the US economy and how a lot of jobs have been lost to overseas factories. The argument is based on the fact that companies are no longer prepared to support local workers and will move production to where there is a flexible and nimble workforce. The other issue is that the country has stopped training enough people in mid-level skills that factories need. Doesn’t sound good news for their economy and I guess certain parts of the Australian economy are in the same boat.