Leading Independent Economic Indicators Show (GDP) Is Contracting
The Biden economy is a mess. Economic results from a leading business information company show Biden’s economy (GDP) is actually contracting and likely in the early stages of a recession. At his State of the Union speech on Tuesday, Joe Biden spoke of his desire to “keep the economy going strong”: Great to work for…
China Reports Stronger Than Expected GDP, Is Only Major Economy To Grow In 2020
China, which a little over a year ago unleashed a global pandemic on the world which reshaped economies, global supply chains, capital markets, and societies and was directly responsible for the downfall of a US president, was hell bent on demonstrating that it was the biggest winner from said plague, and early on Monday local…
Goldman Now Sees Q1 GDP Surging 5% Thanks To $900BN Covid Stimulus
It was just one month ago when Wall Street’s best and brightest – which these days also means most clueless – personified in this case by JPMorgan’s chief economists, predicted that GDP in the first quarter of 2021 would contract by 1%, effectively putting the US on collision course with a double dip recession. Just…
Central Banks To Add Liquidity Worth 0.66% Of Global GDP On Average Every Month In 2021
Earlier we discussed why Morgan Stanley’s chief equity strategist Michael Wilson voiced concerns about the continuation of the “overcooked” equity rally, expecting a drawdown into year end for the simple reason that “both fiscal and now monetary policy have become reactive rather than proactive. For markets, that becomes the itch that needs to be scratched–i.e….
Here Comes The Double Dip: JPMorgan Forecasts Negative GDP Next Quarter
In retrospect, it was inevitable: after European growth hit a brick wall in October and early November after a second round of partial (or full) lockdowns were imposed, with even the ECB warning that Q4 GDP may turn negative after the record rebound in Q3, it was only a matter of time before the US…