July 29, 2022 | US GDP came in negative for the second consecutive quarter. While headlines questioned if it meant it was ‘technically’ a recession or not, more importantly, the meaningful drag from inventories highlights the fact that supply chain issues have cleared up. Source: thedailyshot
...July 29, 2022 | Large packages of government deficit spending tends to be correlated with stronger US corporate profits, however this works in reverse as well: Pullbacks in deficit spending tend to lead to weaker US corporate profits unless the shortfall is made up. Source: thedailyshot
...July 22, 2022 Emerging market central banks have been aggressive in staying in front of inflation. For example, Chile began raising rates in July of ’21. This week they increased rates to 9.75% Emerging markets are gaining some credibility in this regard. Source: thedailyshot
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