With Ebola fears adding to travel worries and consequential fall in airline stocks, (one surprise was that earlier yesterday European airlines flew a brief move up on the back of lower aviation fuel! ) the social dimensions are adding to the economic woes taking its toll on the markets.
Economies in the Middle East may be caught between falling oil prices and falling tourist traffic on Ebola fears given that they have invested in capacity building for tourism. (Dubai)
Until the Europeans permit doses of Keynesian stimulus and structurally reform their labor market (which is politically not a 'sellable ' even if 'doable'. Piling on to euro may just about add to the woes the Europeans for whom deflation fears are more worrying.
China's trade figures which were good yesterday are being challenged as possible reflections of arbitraging currency appreciation and so some doubts linger.
Some storm coming our way. With no let up in investor anxiety, precious metals seem a 'park platz'. Gold may still have some way to climb up.
jaynayar@gmail.com
Economies in the Middle East may be caught between falling oil prices and falling tourist traffic on Ebola fears given that they have invested in capacity building for tourism. (Dubai)
Until the Europeans permit doses of Keynesian stimulus and structurally reform their labor market (which is politically not a 'sellable ' even if 'doable'. Piling on to euro may just about add to the woes the Europeans for whom deflation fears are more worrying.
China's trade figures which were good yesterday are being challenged as possible reflections of arbitraging currency appreciation and so some doubts linger.
Some storm coming our way. With no let up in investor anxiety, precious metals seem a 'park platz'. Gold may still have some way to climb up.
jaynayar@gmail.com
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