Valance Weekly Economic Reports

When I look at the charts in general things do not look good, and today’s employment report looks like more of same as well.

The problem remains a massive lack of aggregate demand.

Valance Weekly Report

US – Manufacturing confidence rebounds
EU – Consumer Prices held at 2.7% in June
JN – Q2 Tankan Survey weak; BoJ reports regional improvements
UK – Mfg PMI followed the global trend
CA – Real GDP stalled in April
AU – RBA held rates still but turned dovish
NZ – Business surveys were upbeat