Greetings,
The United States: Consensus recession odds are down.
Europe: Germany’s producer prices are back in deflation territory.
China: Hong Kong’s unemployment rate has been grinding higher.
Cryptocurrency: Bitcoin hit a new high.
Equities: The momentum factor continues to outperform.
Global Developments: According to Research Affiliates, government spending below 15% of GDP, which typically happens only in emerging economies, fails to support sustainable economic growth.
Food for Thought: Demographic trends of economics journal authors:
Edited by Josh Oldmixon
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