Something will have to give, and on an increasingly more proximate timeline, although we have no idea when that timeline runs its course…
So, we have a new Presidential Pearl of Dumbness.
We now have second month in a row of rising PMIs readings, but the indices are still below 50 line
Updating U.S. vs EU27 charts. Main conclusions in the charts, so click to enlarge these:Death rates and deaths: key here, the U.S. is now within four-five days from completely overtaking the EU27 in the number of total fatalities, without even adjustin…
No over-the-peak, yet for world cases:Deaths are persistently high, and trending up, and are too far lagged to reflect that last 10 days of massive global uplifts in new cases. 7-days average of deaths is at 4,625, which is 0.62 standard deviations hig…
Germany’s ifo Institute issued a new growth outlook for Eurozone economy:”Overall, the eurozone economy is likely to see a sharp recession in the first half of 2020. “GDP already contracted in Q1 by 3.6%. “In Q2, the decline of GDP is forecas…
I have been running a regular update on my ‘America’s Scariest Charts’
Note: charts below are not updated for full 2Q 2020 data on Global Services and Composite PMIs, which are yet to be reported for June and thus cover April-May period only. I will update these later.Starting with Services sector activity:BRIC Services i…
ECB’s money-printing press has been running overtime these weeks. So let’s put the Euro area central banks’ monetary policy shenanigans into perspective, comparing them to the Global Financial Crisis (GFC) related measures, the Euro area sovereign debt…
A quick update of key charts for USA vs EU27 comparatives for COVID19:First up: deaths per 1 million. U.S. continues to tear away from the EU27 already unenviable record:The basket case of American ‘public health’ system is shining across the board: in…