No US recession in 4Q according to Atlanta Fed Nowcast
Atlanta Fed nowcast has Q4 GDP running very hot at 4%, which is up a full percentage point from their initial estimate. No recession in their forecast yet.
A map which shows inflation in Europe
Using latest available data from Eurostat. Source: Milos Popovic.
Largest trading partners by country: 2000 vs. 2020
Countries whose largest trading partner is: - China in red - USA in blue Year 2000 vs 2020 Source: Statista
China Producer Prices in Deflation for First Time Since 2020
Source: Bloomberg
A disturbing US housing chart
Source: Jeroen Blokland
Highest daily covid infections in 6 months for Mainland china
China’s Long Lockdowns Struggle to Contain Growing Outbreaks Source: Bloomberg, C.Barraud
#us #china #inflation
China PPI vs. US PPI Source: Allianz
#china #banking
Banking assets in China have grown 7 fold since the Global Financial Crisis. That completely dwarfs the growth of other major economies. China’s banking assets are almost 3x of its GDP. Hong Kong is close to 9.3x today. Source: Crescat Capital, Bloomberg
