25 Jul 2023
Hungary still has an inflation rate of >20%, highest inflation rate in entire EU.
Inflation is driven by food prices (Food CPI +29% YoY) as Hungary has been hit by a drought and this has caused prices to rise. In addition, there is a shortage on the labor market, low labor productivity & very expansionary macroeconomic policies. Source: Bloomberg, HolgerZ
24 Jul 2023
Beware "no landing" is nothing new
Source: Michel A.Arouet
24 Jul 2023
Remember the debt ceiling crisis?
Source: Charlie Bilello
24 Jul 2023
For the 1st time since Feb’21, rate hikes are no longer exceeding rate cuts in Emerging markets.
Source: BofA, TME
24 Jul 2023
Fun fact is that Japanese inflation is now higher than that in the US for the first time since October 2015.
Source: Bloomberg, www.zerohedge.com
24 Jul 2023
Ever so quietly under the covers of a quiet summer week, US Macro data surprised to the downside, with the biggest weekly drop since Feb 2019...
Source: Bloomberg, www.zerohedge.com
21 Jul 2023
The US debt ceiling before and after...
Source: Jim Bianco
20 Jul 2023
What goes up must come down...
The collapse in US CPI over the past year is extreme, falling from 9.1% to 3%. BofA writes: "...since 1980, only in 8 cases had inflation fallen by more than 6% in a year, and only in France in 1990 from a starting point lower than 10%." Source: TME, BofA
