A stronger than expected US GDP in Q1 ?
The GDPNow model estimate for real GDP growth (seasonally adjusted annual rate) in the first quarter of 2023 is 2.1 percent on February 7, up from 0.7 percent on February 1 - source: Atlanta Fed GDPNow
China reopens borders with Hong Kong
Source: Bloomberg
A reality check on Europe's energy shock: the French trade deficit
France's trade deficit in Dec. '22 was the widest in two decades when compared to the same month in previous years, a crude way to adjust for seasonality. Europe's energy shock is large and ongoing. Source: Robin Brooks
US existing home sales have been falling faster today than they did during the Great Financial Crisis
Source: Morgan Stanley
German housing market remains in a freeze
Mortgage lending was down 43% YoY in December, representing 4th negative record in a row since data records began in 2003. Compared with peak of €32.3bn from March 2022, the decline is almost 60%. Source: HolgerZ, Barkow consulting
The annual interest rate payment on US Government Debt is $850 Billion and rising fast
At the current pace, interest on US government debt will soon hit one trillion dollars... Source: MishTalk.com, www.zerohedge.com
China Celebrated Lunar New Year Like Covid No Longer Exists
Source: Bloomberg
Disinflation in one chart
In the 90s, a company needed 8 employees to generate $1 million in revenues. Due to technology, now it needs 2. Source: MacroAlf
