Public More Signs of Slowing Global Economy Jul 22, 2022 1 min read Today, S&P Global released its flash estimates for the purchasing managers indexes (PMIs) of the US, the Eurozone, the UK, and Japan. They are showing that the global economy is slowing in both the manufacturing and services sectors: (1) The US services index dropped from 52.7 in June to 47.0 in July. It has been on a downward course since March’s recent high and signaled Ed Yardeni
Paid European Consumers Are Very Depressed Jun 29, 2022 1 min read paid On June 23, Bloomberg reported: “Ray Dalio’s Bridgewater Associates has built a $10.5 billion bet against European companies, almost doubling its wager in the past week to its most bearish stance against the region’s stocks in two years.” It seems like a good strategy to short Europe over the near term, especially if tensions between Russia and Europe escalate. Ed Yardeni
Paid Will Covid Zero Be Followed by Higher Inflation? Jun 29, 2022 1 min read paid China's experience with Covid Zero raises the age-old question of whether the cure is worse than the disease. For global investors, the question is if and when China relaxes its Covid Zero restrictions will global inflation soar along with commodity prices? Ed Yardeni
Public Weak Yen & Yuan. Mighty Dollar. Apr 26, 2022 1 min read The Bank of Japan (BOJ) is an outlier. While all the other major central banks are turning more hawkish, the BOJ remains extremely dovish. This is causing the yen to dive. Ed Yardeni
Public Germany’s Stagflation Apr 25, 2022 1 min read Germany is experiencing stagflation: (1) The German IFO business confidence index plunged during March because of the jump in energy prices that resulted from the Russian invasion of Ukraine. Then in April, it rebounded slightly to 86.7 from 84.9 in March. (2) German companies are experiencing more supply-chain problems, and their costs are soaring as a result of the war, which has also raised consumer prices. The German Ed Yardeni
