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
Fed fund rate above Core PCE for the first time since the pandemic!
For the first time since February 2020, Fed funds rates are positive in real terms as the Core PCE index came out at 4.4% (vs. 4.5% for the Fed funds rate). This bodes well for an imminent halt in rate hikes, unless the US economy surprises on the upside. Source: Bloomberg
The UK has been lagging other developed economies
Souce: Bloomberg
More evidence of a decline in the US Inflation Rate...
The PCE Price Index moved down to 5%, its lowest level since September 2021. Peak was 7% in June 2022. Source: Charlie Bilello
Inflation is always and everywhere a monetary phenomenon...
This chart highlights that #inflation is always and everywhere a monetary phenomenon. Eurozone M3 growth slows to 4.1% in Dec from 4.8% in Nov. Lower money supply growth will bring inflation down further. Source: HolgerZ, Bloomberg
US economy expanded at 2.9% annual pace in Q4 2022
US economy expanded at 2.9% annual pace from Oct-Dec, ending 2022 with momentum despite pressure of high interest rates & widespread fears of a looming recession. It nevertheless decelerated from Q3 3.2% annual growth rate. Source: HolgerZ, Bloomberg
