It seems incredible that more than two months I have been silent. How astonished. How do you comment on facts that are absolutely uncontrollable? I tried to understand by reading, listening, interpreting data, but the only clearly defined, those of the indices measured catasstrofiche situations to say the least. I do not remember the lows reached around 10 March 2009 because it now seemed useless to follow the details, everything was crumbling.
Then, I see it more now looking at the graphics that are not held during the weeks of the fall has stopped to get in a quick halt. Even the first few weeks of recovery were very hesitant and a more variable and followed a less tomorrow. Certainly not create enthusiasm.
Now, after the first two weeks of May we realize that at least the financial markets worst is over. Part of the comeback we reported on the levels of earlier this year but nobody trusts. Everyone is waiting for the big fallout as it often is seen after the early stages of descent with subsequent strong comeback.
fact the day today seems to confirm this view because we have again seen a MIB to fall by 4% as well as all other European stock markets fell 2-3%.
The trend of the real economy does not give any sign of recovery, in fact. Sales are very slow at all the shops and unemployment rises. One of the few exceptions are travel agencies and sporting goods selling and confirming that at least this part of the standard of life is reached defended his nails. There is more free time and there is still some savings in remote ravines.
I can not believe that official figures regarding the food speak of a decline in retail sales (including supermarkets) of 3-4%. In my house I see that wholesale prices fell on average by almost 20% and I can not believe that the detail is so cynical to put in your pocket all the difference! But I must also say another truth: our internal figures had marked the highest decrease during the months of January and then return every month until you get to the media today just indicated that rifersce through 2009.
We hope that at least the food may close the year with loss to then take a bold fireplace in 2010. It will be much harder for durable goods and investment.
