The United States: The small business outlook for general business conditions hit a record low in May
Faced with a recession (as the chart above suggests), companies should, in theory, curtail hiring. Instead, hiring plans picked up in May. Perhaps the situation is not as dire as sentiment suggests.
China: Economic activity was stronger than expected in May.
The stock market continues to rebound. Foreign investors are trying to escape the wrath of global central banks by hiding out in China.
Emerging Markets: Argentina’s inflation exceeded 60% in May.
Cryptocurrency: Bitcoin now trades barely above the average purchase price of all bitcoin in circulation.
Energy: The surge in US jet fuel prices has been due to high oil costs and refinery challenges rather than increased demand.
Food for Thought: Lastly, this chart shows the percent change in each state’s population over the past two years.
Edited by Alexander Bowers
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