China's real GDP is now further below its pre-COVID trend than after the 2008 crisis
Will they be tempted to opt for more mercantilism (and expansionism)? Source chart: Robin Brooks
Japan is expected to be short 11 million workers by 2040
Source: Win Smart, FT
Corporate Borrowing Hits All-Time High 🚨:
Investment Grade Companies have issued more than $150 Billion worth of bonds through the first 18 days of the year, the highest amount in history at this point in the year. Source: Barchart, FT
Real estate as inflation protection in one chart, updated
Source: Michel A.Arouet
Suez Canal Transit Volume continues to plunge (Chart via SRP)
Source: HolgerZ
🟥 The delinquency rate for credit card loans in 2023 has risen sharply
Which, based on historical patterns, suggests that the economy might be heading towards a recession.
After 13 consecutive YoY declines, US inflation-adjusted retail sales rose 1.4% YoY in December, The first YoY increase since Oct 2022.
Nominal Retail Sales grew 4.78% over the last year, rising just above the historical average of 4.71%. Source: Charlie Bilello
UK Inflation Rises Unexpectedly, Tempering Talk of Rate Cuts
UK inflation disappoints at both the headline and core levels: Headline inflation rose to 4.0% in December, above the consensus forecast looking for it to fall from 3.9% to 3.8%. Core inflation, which was also expected to fall, remained unchanged at 5.1%. Source: Bloomberg
