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Global

German Factory Orders Disappoint…
KOF Decouples From Other Global Growth Indicators…
More Aggressive Easing Ex-US Will Lift The Dollar…
Industrial Real Estate Repricing…

This report looks at the likely path for the dollar and bond yields over the next 6-to-12 months.

Little Economic Impact From EU EV Tariffs…
How Broad-Based Is GenAI-Related Investment…
What To Watch What To…
Global Manufacturing PMI Contraction Worsens…

Western policymakers are pursuing three capital “T” Truths: China is evil, climate change is a major risk, and Russia is… also evil. Pursuing all three priorities at the same time presents a version of the classic “impossible trinity.”