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…
The second quarter was momentous for reasons beyond huge securities markets gains. Speculators and investors do “now believe central banks will exercise complete control over asset prices for the foreseeable future.” There is no longer any shred of doubt: Highly synchronized global market Bubbles are the ultimate “Too Big to Fail.”
I have been running a regular update on my ‘America’s Scariest Charts’
Not only will there not be a recovery, but there can’t be a recovery, as those brittle extremes have been lost for good. How did the global economy end up teetering on a precarious financial precipice? To formulate a cogent answer, let’s take a whi…
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…
What’s driving the rally? Lee Adler tells Lindsay Williams what he sees in this interview on Strictly Business.
What a difference a month makes. The euphoria clearly fading even as the positive numbers grow bigger still. The era of gigantic pluses is only reaching its prime, which might seem a touch pessimistic given the context. In terms of employment and the labor market, reaction to the Current Employment Situation (CES) report seems to […]