Chinese industrial production and retail sales

Covid-19 Is in Control Rather than Being Under Control

July 16, 2020

The best laid plans of mice and men…. Governments want to reopen economic activity, but a rising curve of new coronavirus cases both around the world and in the United States is setting other imperatives. Over the past 24 hours, there were 230.3k cases world wide, including a record 71.7k in the United States, where […] More

Monetary Efforts to Counter Covid-19 Economic Damage All in Vain

March 16, 2020

The contagion news over the weekend was very bad. Italy suffered a bigger daily jump in deaths than even China had, and all evidence suggests that governments that did not test extensively for the virus at the first sign of trouble have brought upon their countries larger humanitarian disasters. The United States seemingly falls into […] More

Late 2019 Equity Rally Extended

December 16, 2019

Last week’s apparent Phase I trade agreementĀ  between the United States and China continued to fuel a rally in global stocks this Monday. Share prices are up 2.6% in the U.K., 1.4% in France, and 1.0% in Germany, and markets close up 1.6% in Australia and 0.6% in China. The Hong Kong and Japan markets […] More

Important Japanese, Euro Area, and Chinese Data Released

November 14, 2019

Japanese real GDP expanded at a lower-than-forecast 0.2% last quarter at a seasonally adjusted annualized rate. It was the weakest quarterly growth rate in a year. Net exports and inventories combined to exert a 1.8 percentage point drag on GDP growth. The GDP price deflator rose 0.6% between the third quarters of 2018 and 2019. […] More