Economic Growth
Mediterranean Bloc: From Foreign Borrowers To Surplus Nations…
US Job Openings Unexpectedly Rise In August…
Global Manufacturing: Somes Signs Of Stabilization…
Mixed Signals From Chinese PMIs…
Downside risks to equities are building. Rates, the dollar, and energy prices will remain elevated into yearend. This trifecta makes a soft landing less likely than before and hurts corporate profits and multiples. However, high cash balances may offer downside protection against a sharp correction.
Aggressive monetary tightening has always led to recession, although the timing is uncertain. The effects of high interest rates are starting to be felt. Investors should stay risk off and buy government bonds as a safe haven investment with carry.
The Largest US Bond Bear Market Will End With A Bang…
The Consumption Normalization Has Stalled…
Highlights Canadian economic growth slowed significantly in Q2, raising the question of whether one of the most indebted economies in the world is buckling under the weight of tight monetary policy. Contrary to a popular narrative in Canada, the country’s…
US Financial Conditions Are Restrictive Again…