Month: February 2020

Global Slowdown, Internal Issues Hit Mexico: GDP Drops for First Time Since 2009

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President AMLO put it this way: “There may be no growth but there’s development and well-being, which are different.” By Nick Corbishley, for WOLF STREET: For Mexico’s economy, 2019 was not a good year. The country entered a mild technical recession in the first half and by the end of the year had registered its first annual … Read more

Big Fed Lie

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by northmantrader In real life you can always tell when someone has something to hide when they get really evasive in their answers. And boy was Jay Powell evasive in his press conference yesterday. Twice he was asked about the Fed’s policies causing risk assets to rise, twice he skirted with a non answer: Powell on … Read more

Weakest Economy In 4 Years

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by UPFINA Year over year Q4 GDP growth was 2.3% and quarter over growth was 2.1% which met estimates. The St. Louis Fed Nowcast was the most accurate Nowcast as it was perfect. There weren’t many surprises in this report as it was consistent with previous reports during the quarter. Full year GDP growth was 2.3% … Read more

China Coronavirus: Blame and Coverups

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Who’s to blame for the deadly coronavirus that has spread from Wuhan, China to the rest of the world? High ranking Chinese Communist officials are blaming low ranking officials. Low ranking officials are blaming high ranking officials. And Wuhan residents are being targeted most of all.