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Latest News & Insights


 

Credit drought is killing Euro Zone expansion

It is both cheap and easy to blame the Q1 slowdown on bad weather. The real culprit is credit.

Removing stimulus versus becoming restrictive

The possible need for policy to get restrictive, not just neutral, is likely to become a regular talking point for Fed officials in the months ahead.

Unvalidated PMIs

Contrary to popular belief, we do not hate Markit or its PMIs. We just do not trust them to inform us about what the economy is up to.

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