February 20, 2023| Retail sales saw an unexpected boost this week, but the increase in credit card debt to finance spending will likely pose a long-term concern. We need to keep an eye on this risk, despite the near-term boost an increase in spending will provide. Source: thedailyshot
...February 20, 2023| Banks are tightening their lending standards, this is likely not good news for the economy. Historically, this trend has led to fewer loans issued, resulting in less liquidity and more volatility. Source: thedailyshot
...February 13, 2023| Sweden’s economy is a great forward indicator and cautionary tale for the rest of the European Union. Despite the improvement in the global economy, the lack of consumer demand in select sectors, coupled with higher interest rates are having an impact on growth… not good for the European Union. Source: Gavekal
...February 13, 2023| China lifting its COVID lockdown has major implications, not just for the European Union but also for South America. As a major importer, this could drive demand and boost emerging markets.We’re seeing positive inflows in these markets.Source: Gaveka
...February 13, 2023| Copper is often looked at as a valuable leading indicator of economic activity. Chile is the #1 copper producer in the world, supplying ~29% of exports and hitting 10 year highs. Copper is signaling sustained global demand in 2023. Source: thedailyshot
...February 6, 2023| While the Fed meeting stole the spotlight, the U.S. Manufacturing Index* quietly slowed down more than expected. New orders have hit concerning levels, but it’s the sustained downtrend that is more concerning. *Institute of Supply Management Source: thedailyshot
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