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9 Feb 2024

Construction spending has surged on late cycle government stimulus, helping to drive economic growth in the US

But it is coming at a cost as the US government is running an enormous deficit for a non-recessionary period $1.5 trillion for 2024 alone, down slightly from 2023 Source: Bloomberg, markets & Mayhem

8 Feb 2024

Europe deindustrialization continues

German industrial production fell for 7th consecutive month in December, the longest decline in the history of the data series. The 1.6% MoM decline came as a huge downside surprise. Source: Bloomberg, HolgerZ

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