Fingers crossed on “her” being the chauffeur.
Category: economy
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.
Steely-Eyed Bond Bulls Look To Reclaim Upper Hand After Fourth Quarter Setback
After nearly four decades, the bond bull refuses to roll over.
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.
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”.
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