As we’re fond of putting it: It’s good, but not “great”. “Again” or otherwise.
Category: economy
A Corona(virus) Gets Its Lime
It’s not contained. Or at least not yet.
Harley Bassman On QE, Demographics, MMT And Flying Pigs
“I will caveat that although I am certain of the denouement, it is possible its date is vastly longer than my career”.
Here’s Another Reminder That MAGA Economy Suffers From Dearth Of Business Investment
Not that anyone cares amid the virus headlines, but maybe they should – care, that is.
‘TBH, I Doubt It Even Exists’: Some Now Worry Trump Auto Tariffs Based On Imaginary Document
Maybe it only exists in Wilbur’s dreams.
Euro-Area PMIs Are Rorschach Test In January
No recession, but don’t bet on a “V-shaped” recovery.
Superbug, Superbull
But what is a “cycle” that doesn’t turn? Not a “cycle”, that’s for damn sure.Â
‘Just As Independent As The Fed’: Erdogan’s Son-In-Law Jokes About Trump’s Control Over Central Bank
This is yet another manifestation of Trump’s behavior normalizing autocratic regimes.
Markets Look To Lagarde For ECB Strategy Review Details As Japanification Sets In
Mitigating ‘Japanification’ is all that matters now.
The Crucial Nuance Behind Bridgewater Co-CIO Bob Prince’s ‘Boom-Bust Cycle Is Over’ Declaration
“Bob, you’ve just it twice, and I’m still surprised”.
Trump Blames Fed, Storms, Boeing For Holding Back Economy, Dow. Says Musk ‘Does Good At Rockets’
The cadence was laughably childlike.
South Korea Delivers Big GDP Beat In Boon To Global Reflation Narrative
Hopefully, the spread of the Wuhan virus throughout the region won’t derail the nascent rebound.
Trump’s Wild Davos Boast: I’ve Created ‘A Boom The Likes Of Which The World Has Never Seen Before’
“We have not even started, because the numbers we’re talking about are massive”.
Macron’s Claims Of Trump Tariff Truce May Be False Dawn Amid Fractious US-EU Relationship
“…we’re going to have to do things that are very bad for them”.
IMF Issues Obligatory Downward Revision To Global Growth. Says Things Are Better, But Still Scary
“The projected recovery for global growth remains uncertain”.
Markets Pray For Return Of Goldilocks (Sans Bears)
Fingers crossed on “her” being the chauffeur.
About That ‘Boris Bounce’: UK Retail Sales In Worst Run Since 1996
This suggests that not only does the “Boris bounce” lack durability , it may never have existed in the first place.
China Beats Across The Board With Key December Activity Data. GDP Matches Estimates
Not out of the woods yet, but there is a light at the end of this tunnel (to mix clichéd metaphors).
MAGA Economy Gets Spate Of Good News In Retail Sales, Philly Fed
In an election year, every little print helps.
Target Plunges In Potentially Ominous Sign For Trump’s ‘Biggest Holiday Season In US History’
“Our holiday sales did not meet our expectations”
Inflation Comes In Cool, Underscoring Fed Patience
The narrative persists.
China’s December Trade Data Breezes Past Expectations
This is ostensibly helpful for the reflation narrative.
In ‘Dramatic Shift’, US Credit Investors No Longer Fear Recession
In other words, there’s a sense in which recession fears really aren’t “elevated” anymore.
Peter Navarro: Until The Bond Market Starts Caring, Trump Can Balloon The Deficit
“I was born, Peter, of an age, when the Republican party was the party of fiscal prudence”.
Decade’s Last Jobs Report Is Passable, But Underwhelming
It’s been a good run…
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