27 Nov 2023
German exports of motor vehicles and parts (blue) to Kyrgyzstan are up 5500% since Russia invaded Ukraine
Is Kyrgyzstan suddenly in a massive boom or are these vehicles and parts just transiting through Kyrgyzstan? Source: Robin Brooks
24 Nov 2023
Amid a collapse in 'hard' economic data, 'soft' surveys from S&P Global was expected to see both Services and Manufacturing PMIs slide further in preliminary November data
However, the data was more mixed with US Manufacturing falling more than expected to 49.4 - back into contraction - (vs 49.9 exp) from 50.0 in October. However, US Services unexpectedly rose from 50.6 to 50.8 (exp 50.3). Source: Bloomberg, www.zerohedge.com
24 Nov 2023
US budget deficits in the years to come
Source: Win Smart, CBO , Bloomberg
24 Nov 2023
Below the average 3-month ATM implied volatility (max/min range since 2008)
Source: TME, GS
24 Nov 2023
The stock market isn't the economy...The Chinese version...
Source: GS, TME
24 Nov 2023
Something to keep in mind for 2024?
Source: Michel A.Arouet
24 Nov 2023
This level was last seen during the Financial Crisis
9% of bonds are due to mature within the next 2 years. High interest rates will make it harder to refinance. Source: Game of Trades
24 Nov 2023
French and German economies are slumping
Source: Bloomberg
