Global macro data may bounce in the next month, but the long term trend of low growth and disinflation prevails. … And central planners will not change it…. Bloomberg: The Fed’s Failures Are Mounting

Have we seen the bottom in macro data?

Global macro data may bounce in the next month, but the long term trend of low growth and disinflation prevails.

… And central planners will not change it. pic.twitter.com/Ph44bWDkOI

— Daniel Lacalle (@dlacalle_IA) March 13, 2019

pic.twitter.com/wQBOh8zzGs

— M/I_Investments (@MI_Investments) March 13, 2019

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— M/I_Investments (@MI_Investments) March 13, 2019

Citi’s Data Change Index for #China continues to go the wrong way pic.twitter.com/9mM4TvXb1K

— 𝕮𝖍𝖎 🛢️ (@chigrl) March 12, 2019

The Fed’s Failures Are Mounting

In the decade between “60 Minutes” interviews, the central bank has sparked a recovery without inflation but not much else.