Disinflationary.
You can bring a horse to water but you can't make it drink.
Fed balance sheet soars, but M1 and M2 growth remain significantly below. pic.twitter.com/YjzeoW8ZU5
— Daniel Lacalle (@dlacalle_IA) May 5, 2020
https://twitter.com/ChrisMCouch/status/1257653061461389313
The world is swimming in oil… and unsold cars.
New car registrations collapse adds to an already weak 2019 pic.twitter.com/b8oZBPtXe3
— Daniel Lacalle (@dlacalle_IA) May 5, 2020
Investment collapse.
Composite capital expenditure plans are falling quickly as cash flow deteriorates. pic.twitter.com/LxMBvySrB5
— Daniel Lacalle (@dlacalle_IA) May 5, 2020
https://twitter.com/caetuscap/status/1257478531543695360
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