This is yet another manifestation of Trump’s behavior normalizing autocratic regimes.
Category: economy
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…
China Inflation Sticks Near Seven-Year High, PPI Deflation Eases
Better at the margins, it appears.
Utterly Terrible: Order Book Contraction Nightmare Drags Into 18th Month In Germany
It’s dire. With apologies, there’s no other way to describe it.
Amid The Melt-Up, Never Mind The ISM’s Flagrant Heresy
“Awesome…except for the economy, profits and valuations”.
‘Dire’ Final PMIs Underscore Depth Of European Slump, Pernicious Brexit Impact
“A dire end to 2019”.
Bellwether South Korea Staggers Out Of Rough 2019 With Better-Than-Expected December Trade Data
For the year, South Korea’s exports fell 10.3%.
China PMIs Show More Signs Of Tentative Stabilization As Factory Activity Expands For Second Month
Hardly a blowout, but it’ll do.
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