Better at the margins, it appears.
Category: economy
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.
Lukewarm Data Belies Top 10 Year For S&P
As for what’s in store…
Hong Kong’s Exports Fall 13th Straight Month As Nightmare Year Winds Down
“As we walk through 2019, whether we are carrying fear, anxiety, anger, or confusion, we can choose to embrace the future with hope”.
‘This Is Not As Radical As It Sounds’: Crucial Considerations At The Policy Crossroads
“The simplicity of this approach underscores an important point”…
Subjecting One Bank’s ‘Peak Globalization’ Thesis To Olson’s Theory
“The 1981-2016 era of unchecked flow of goods, people and capital is coming to an end”…
The Market Is Usually Wrong About The Fed. But What About The Economy?
“…the market is almost always wrong about what the Fed will do”.
‘I Wish I Could Make Lasagna’: Meet Anne Lee, Trump Voter And Struggling Farmer
“We’re supposed to be feeding the world, and we can’t even put food on our own table”.
China’s Industrial Profits Stage Sharp Rebound After Worst Plunge On Record
This should allay some fears – and we emphasize “some”.
Trump Confuses With Bombastic Holiday Retail Sales Boast
“CONGRATULATIONS AMERICA!”
Japan, South Korea Flash Point Still Menaces Global Economy As 2019 Melts Into 2020
“Our relationship is one that cannot be made distant”.
Potpourri! 9% Premiums, Weak Business Investment And Undersubscribed Repos
Here are some notables that may fly under the radar.
Global Economy Gets Ostensibly Positive News In China Tariff Headlines, South Korea Export Numbers
All obligatory caveats aside…
For 1,545 US Steel Workers, MAGA Promise Rings Hollow
“Current market conditions made it imperative that we act now”.
The Two Best Periods Of Optimism In US History Had One Thing In Common: Impeachment
Also, inflation expectations dropped to a record low.
Don’t Be So ‘Sensitive’: How Much Will The Data Matter For Markets In 2020?
“Data dependent”, so to speak.
Stanley Druckenmiller Delivers 2020 Outlook. Here Are Some Charts And Brief Color
“I’m 66, I might be dead by the time it happens”.
Markets Adrift As Traders Search For Catalysts Amid Trade Lull
Expect details around the trade deal to remain scant in the near-term.
China Is Still Handing Out Billions In Subsidies To Corporations. And No US President Is Going To Stop Them.
“The Communist Party leadership draws its authority from the distribution of wealth”.
‘The Brighter News Needs To Be Caveated’: Decent US PMIs Mask Average Economy
Good. But not “great” (“again” or otherwise).
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