Trade data for July and January-July 2017

August 15, 2017
Bottom line: The July trade data suggest grounds for concern, which may be specific to the pharma sector or perhaps be wider. Whether measured by ‘original data’ or seasonally adjusted data, goods trade in July generated the largest monthly deficit of the year to date. On the other hand, the cumulative data for January-July present a much more stable picture. Developments in the next few months should be watched carefully.

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De-nial is a river in London

July 14, 2017.
The British Labour Party, now led by the Hard Left, is likely to win power at the next general election. It will then adopt overtly anti-Israel policies. Yet the Israeli Establishment, especially the Foreign Ministry, is willfully blind to these imminent dangers — because it cannot adjust to the bitter realities of the twenty-first century.

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