4 Jan 2024
Net interest cost of US national debt grew by 38.5% just in 2023
Source: Game of Trades
22 Dec 2023
Goldilocks continue with economic data (in red) remaining sluggish and financial conditions (in green) dramatically 'loosening'...
Source: www.zerohedge.com, Bloomberg
21 Dec 2023
MAP OF THE DAY: The number of ships that have diverted from the Red Sea and instead taken the 10/14-day longer route around Africa has risen to >100.
The map shows **container ships** declaring European ports as destination, with one only left in the Red Sea | Red Sea Source: Javier Blas
21 Dec 2023
ALERT: Job openings are collapsing (but from a very high level)
Source: Game of Trades
21 Dec 2023
Labor unions are pushing for big pay rise…
e.g Southwest Airlines pilot pay would increase 50pct under new labor contract. A wage-inflation spiral remains a threat (even if overall job creations are plunging) Source: CNBC
20 Dec 2023
German federal government is set to trim federal debt sales next year following the German top court's 'debt brake' ruling. Berlin plans to issue ~€440bn in debt
That compares with a record volume of ~€500bn in 2023 Source: HolgerZ, Bloomberg
19 Dec 2023
“The reports of my death are greatly exaggerated.” Mark Twain, 1897
Source: Lawrence McDonald, Bloomberg
15 Dec 2023
Believe it or not...
On December 14, the GDPNow model nowcast of real GDP growth in Q4 2023 is 2.6%.
