World economy

Everything you need to know about the latest row between China and the US.
"It isn't the mountains ahead to climb that wear you out; it's the pebble in your shoe" Muhammad Ali The Greatest champion
The global economy could be even more vulnerable to a financial crisis than it was back in 2007 due to the high levels of
Wow. The July US employment report was downright lousy. The headline non-farm payrolls number was disappointing, at 162,000 vs expected 185,000, (with 26,000 downward revisions to June and May), and a large part of the fall in the unemployment rate 7.4% can be explained by a resumption of the fall in those actually trying to find work.
In dramatic breaks with history, Mark Carney and Mario Draghi persuaded the Bank of England Monetary Policy Committee (BOE) and the European Central Bank Governing Council (ECB), respectively, to issue what amounted to forward guidance on the path of future monetary policy, without having to actually formally announce they had done so.
Since the beginning of the credit crunch in 2008, and throughout the on-going financial crisis to date, for whatever reason it has been during the summer months that the markets have experienced the most tumultuous of times.
Last week I wrote that the US economy was in a sweet spot for the markets, with a Goldilocks, 'not too hot, not too cold' type recovery that won't cause the Fed to tighten, but will provide enough cheer to keep risk 'on'.
As predicted with many Asian and American politicians staying home, European leaders like punch drunk boxers who have gone too many rounds occupied centre stage, but many others seemed little interested in their troubles: the consensus at the start of the meeting, that the Euro will survive after all but Europe will be a low growth region for the foreseeable future, held.
As a veteran, I have learned that Davos is a kitchen out of which, given time, dishes come that do make the main menu.
Many experts were caught off guard by the surprise launch of the North Korean satellite on the 12 December. Many argued that another attempt to launch the rocket, after the failure in April, would not be until 2013.