Nomura Calls For Recessions In US, EU, UK, Japan, Australia, Canada

Nomura Calls For Recessions In US, EU, UK, Japan, Australia, Canada

"Downgrading global growth," reads the title of a July 1 anchor piece from Nomura's economics team. Just above the title is a picture of someone removing a block from a wobbly Jenga tower. On Thursday, following an updated "nowcast" which suggested the US economy is on track for a second consecutive quarterly contraction, I noted that no Fed official is on the record calling for a recession. In the same linked article, I wrote that Wall Street economists won't be any more excited than Fed offi
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4 thoughts on “Nomura Calls For Recessions In US, EU, UK, Japan, Australia, Canada

  1. It’s been 72 hours since Jim Bullard last repeated his mantra that the US economy is strong enough to withstand much higher interest rates, A backdoor acknowledgement of the growing recession risk?

  2. At some point in time this Activity in Ukraine will end (because it has to ) due to a World Wide Recession… Everyone will declare Victory and whereas the prior status quo will not return in Geopolitical terms the turn around will be dramatic and the risk of Deflation will accelerate. The adjustment to World Trade and Finance will be the next severe challenge . We will call it Multi-lateral World Order….

    1. I completely agree. Eventually, maybe sooner rather than later, NATO and other countries will specifically direct efforts to lower energy costs, not necessarily to save Ukraine.

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