The UK export figures were even worse than the Chinese and they registered a 3.1% contraction for the period. This comes with a weak pound and is the worse contraction in 15years. Clearly part of the story is that the main customer for the UK is the Eurozone . . . Watch this space for more disasters. I won't get into the Grexit, but rest assured it's coming to a space near you soon.
At least the US trade deficit narrowed in June.
In Japan it looks as though the government is likely to get the sales tax increase from 5 to 10% through. It doesn't add up for the keynesians of course, but given the huge debt burden and shrinking population how can they keep the current status quo.
I had coffe with old mate toay in Melbourne and in the process stopped into a pretty nice bike store. The top of the range model in stock was the Look 695 with full Shimano Dura-Ace Di2 for a coll 15k. The multicolored frame looks a treat with integrated but adjustable stem and a long integrated seat tube was very sexy.
I've enjoyed being in Melbourne, it's a great city with a special restaurant seen and some pretty happy people. I'm going to come back more often, hopefully for a bike ride.