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Cory’s Chart Corner
Load MoreHeadline chasing algos need to do deeper dives...
h/t @hussmanjpy'all realize the UK is only about 3% of U.S. trade, the U.S. already runs a surplus there, and the 10% U.S. tariffs will stay, right?
keep in mind that studies indicate U.S. consumers shoulder the majority of tariff incidence, with minor incidence to foreign countries
Daily Archives: August 18, 2023
Grantham: Recession “running perhaps deep into next year”
This is a teaser preview of the full interview that has not yet been released. Jeremy Grantham, co-founder of the Boston-based investment firm Grantham Mayo Van Otterloo (GMO), predicts a US recession “running perhaps deep into next year.” Grantham says … Continue reading
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China’s great slowdown
A glut of Chinese homes and goods, with falling domestic consumption, suggests less demand for global commodities and a deflationary impulse through the rest of the world. China’s momentum is fading after decades of supercharged growth. A much anticipated post-pandemic … Continue reading
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Harsh credit cycle has broad impacts
Historical context is critical in assessing where we are in this credit, business and employment cycle. Facts demand sobriety, and the discussion below is lucid. This overall strength in U.S. equities is painting a misleading picture as to where the … Continue reading
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