UK Archive
Retail sales, Consumer sentiment, NY manufacturing survey
Retail Sales, Russia, UK
Mar 16, 2022
Gone flat post covid, adjusted for inflation: The post covid slump continues, and now there are war disruptions: US Consumer Sentiment Lowest since 2011 The University of Michigan consumer sentiment for the US fell to 59.7 in March of 2022 from 62.8 in February, below market forecasts of 61.4, preliminary estimates showed.
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Services pmi, German survey, UK retail sales, oil, new home sales
Economic Releases, Retail Sales, UK
Sep 24, 2021
Pretty much the whole world had a covid dip, bounce, and most recently a retreat as the economy appears to be rapidly decelerating as unemployment benefits expired and what’s left of the new fiscal spending is relatively small and keeps getting pushed out: Crude oil is another story. There was a covid
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Rig count, US Services, UK services, Euro zone services
Economic Releases, UK
Mar 24, 2020
Oil capex collapsing: Service sectors collapsing:
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US PMI’s, KC Fed, Euro area services, UK services, Germany services and GDP
Economic Releases, Germany, UK
Nov 22, 2019
Tariffs taking their toll and no end in sight as global deceleration continues for both goods and services. These surveys are up a bit this month but still very low and too soon to suggest a reversal: Note how this blipped up last month but then resumed the downtrend: Deceleration resumes after
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Bank lending, UK, China, India
China, Economic Releases, India, UK
Nov 11, 2019
The private sector tends to be pro cyclical- tightening as the economy slows, thereby making it worse:
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Existing home sales, UK, Euro area budget and exports
Economic Releases, UK, Uncategorized
Oct 22, 2019
Rolling over: Fiscal this tight means they are entirely dependent on exports for growth, and exports have been collapsing with US tariff policy: From the ECB: “Currently extra-euro area imports and exports of goods and services amount to around half of euro area GDP.”
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ISM services, Durable goods orders, NYC, Trump comments
China, Economic Releases, UK
Oct 03, 2019
The service sector is in full retreat: Contraction: Trump says China should investigate the Bidens, doubles down on Ukraine probe
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UK, Germany, Italy, India, Japan
Just a partial recap of today’s releases as the tariff induced global trade collapse continues:
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UK, China, Philli Fed index, Flipper lending
China, Economic Releases, UK
Sep 30, 2019
Still contracting: This indicator is flashing recession again. Last time this happened a few years ago the numbers were subsequently revised higher: Not a good sign: Lending to house flippers hits a 13-year high as prices and competition heat up
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ECB trade comments, US rates, UK, Germany, France, Japan
Economic Releases, France, Germany, Japan, UK
Sep 24, 2019
Someone else agrees with me about the tariffs and the global trade collapse: CNBC: The trade war is weighing ‘like a big, dark cloud’ on the global economy, says Christine Lagarde. And this would function like a tax increase: Bloomberg: President Trump Doubles Down on Call for Negative Interest Rates. Today’s tariff
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