Global money supply is exploding.
Source: Michael Saylor on X
US inflation expectations continue to climb…
In April, 1-year inflation expectations surged by 1.7 percentage points to 6.7%, the highest level since November 1981 (h/t @KobeissiLetter), Augur infinity
The world’s biggest economies based on purchasing power parity (PPP), not nominal GDP — according to the IMF.
(PPP adjusts for cost of living and inflation, so it reflects what people can actually buy in their own countries — not just raw dollar totals.) Source: Wall St Engine on X
An unbalanced world...
▶️ Share of Global Consumption... US: 29% Eurozone: 13% China: 12% ▶️Share of Global Manufacturing... China: 32% US: 15% Eurozone: 13% Source: Charlie Bilello, Deutsche Bank
Trump’s handling of the economy is not very popular
Source: @jason on X
In case you missed it...
The NY Empire State Manufacturing Survey 6-month Ordering Intentions fell to the LOWEST READING IN THE HISTORY OF THE INDEX! Source: Ronnie Stoeferle @RonStoeferle @kevinmuir, Bloomberg
china first-quarter GDP topped Reuters poll expectations for a 5.1% growth year on year, building on a recovery that began in late 2024, thanks to a broad policy stimulus push.
▶️Retail sales in March rose by 5.9% year on year, sharply beating analysts’ estimates for a 4.2% growth. Industrial output expanded by 7.7% from a year earlier, versus median estimates of 5.8%. ▶️The urban unemployment rate slipped to 5.2% in March, following a two-year high of 5.4% in February. Source: CNBC
China has the largest manufacturing workforce on Earth, by far.
Source: UN, Markets & Mayhem
