“December’s PMI survey sadly lacked festive cheer”.
Category: economy
Germany Can’t Catch A Break As Manufacturing Slump Refuses To Abate
“A weak end to a difficult year for the German economy”.
China’s November Activity Data Comes In Strong As Industrial Output Rebounds
This may add to the positive trade vibes.
Stuart Sparks Details The Ultimate In Ironic, Tragicomedic Fed Outcomes For 2020
“Note that this is not a forecast of recession”…
The Bull That Just Wouldn’t Die
But, you know what they say about the “best laid plans of mice and men”…
Retail Sales Miss ‘Bigly’ For November, Despite Equity Rally
It’s unlikely to get much attention, but maybe it should.
So, Business Debt Just Exceeded Household Debt For The First Time In 28 Years
Draw your own conclusions.
CPI Is Solid, But Subdued Core Helps Make Case For Accommodation
Unlikely to move the needle.
Who’s Afraid Of Exploding Pork Prices? China Inflation Surge Makes For Good Headlines, Don’t It?
The PBoC claims it has a handle on this, and maybe it does.
China Enjoys Rebound In Credit Growth After October Collapse
Fingers crossed.
‘This Is The Worst On Record’: Hong Kong Faces Retail Apocalypse, Survey Says
“Even if it stabilizes, it will be a long road before Hong Kong rebuilds its international reputation”.
Monday ‘Green Shoots’ As Germany, Japan Deliver Upside Surprises On Key Data
Still, nobody should get too excited.
World’s Biggest Auto Market Extends Historic Slump As China Car Sales Fall 17 Months Out Of 18
To call this “unprecedented” would be to grossly understate the case.
China’s November Trade Data Is In. Exports Disappointed
November’s trade data is something of a mixed bag, but on balance…
Rich People, Republicans Much Happier Now That Stocks Are Back At Records
“Nearly all of the early December gain was among upper income households”.
Blockbuster November Jobs Report Bolsters Case For Prolonged US Expansion
This should put to bed the recession calls – at least for a month.
So, Germany Just Reported The Biggest Plunge In Industrial Output In A Decade
If it’s always darkest before dawn, this is great news.
One Year Ago, Ajay Kapur Told Central Banks To Wake Up. Here Are His 4 Key Questions For 2020
Last year, “the two most asked questions were also the most misleading, from the point of making money”.
Storm Clouds Over German Industry Stubbornly Refuse To Clear
Another day, another dour data point.
Japan To Roll Out Stimulus Package Totaling 26 Trillion Yen
It may fall flat. We’ll see.
ISM Services Isn’t ‘Great’ – ‘Again’ Or Otherwise
Maybe this is enough to get a dovish lean out of the Fed.
ADP Is Out-And-Out Whiff, Prints Worst Since May
“The job market is losing its shine”.
As Hong Kong Unveils New Stimulus, Wicked PMI Plunge Portends Q4 GDP Disaster
“…unless December brings a dramatic recovery”.
ISM Miss Is Bitter Pill For Optimists. Suggests US Manufacturing Slump Is Entrenched
“Global trade remains the most significant cross-industry issue”.
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