Another return to the tricky problem of emerging markets.

Forgive me if I return to the tricky problem of emerging markets, which are seen by some as a key area for future investment. Developed economies will not be able to match their growth rates and investors putting something away for their retirements should for collective investment schemes in emerging markets. However, I can't see these emerging markets paying out dividends to their former colonial masters. Also, the West is still the final buyer of quite a few goods from the emerging markets.
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The United States has exported quite a bit of its industry to the Far East but Obama might persuade American corporates to bring it back. We have outsourced call centres
to India but these could easily be brought back, especially if unemployment rockets.
This is probably not very free trade but the U.S Congress has already introduced "Made in America" legislation, which has upset Canada.

Paul Krugman says UK economy is well-positioned.

The distinguished U.S economist Paul Krugman says the UK economy is well-positioned compared with its European counterparts due to policies such as low interest rates.
He gives a lot of credit to British Prime Minister Gordon Brown.
However, the UK economic landscape has changed radically.
It is good to be positive but the City of London will not be a major producer of tax revenues while the car industry in Britain is getting a real battering. Exports will not be helped by a recovery of sterling against the euro and the dollar.
If the "green shoots" of recovery consolidate, then we will have to work out how to pay the bill for the UK government's borrowings. Some commentators are predicting ten years of higher taxes and lower public spending.
Some observers say the banking sector is now stable. However, Royal Bank of Scotland
(RBS) and Lloyds will be quite interested in getting down the state holdings and possibly less interested in refinancing British industry.
However, building societies seem vulnerable and the Nationwide cannot rescue them all. The recent downgrades in their credit ratings will possibly persuade the building societies to reduce their lending so as to improve their financial strength.

I am trying to consolidate two small pensions.

I am trying to consolidate two small pensions into one small one after expenses, charges etc. The charges are quite expensive but I have not got much choice. One of the two will disappear, if I don't take action by August. My financial adviser recoomended a lifestyle one, which moves into cash at the end of the term to provide some protection.
Let's hope it will perform. The financial adviser said the annuity rates were very poor at the moment so it did not make sense to get an annuity and especially at my age. I wish the charges were lower, since they hit investment returns. I suppose that
in many cases gross investment in pensions produces little after charges.