Rising Wages
China’s manufacturing wages are now the highest in EM Asia. India is almost half that of China…. WOW
Blue Swan vs Black Swan
As goes China, so goes Germany. There is no decoupling in the face of the world’s largest and 3rd largest economies effectively being in recession. Moreover 48.6% of US CFOs also believe we’re in recession within 12 months.
Zero Bound Rates
This is what an era of free money can do to markets. Top line getting valuation forget bottom-line
The signal is loud and clear
Yields on 2-year Treasuries have fallen to 2.71%, the lowest in more than three months. Market signaling to FED…
