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Forget the G20, global manufacturing recession is here

The G20 summit has not generated unexpected or significant headlines and, of course, is not a catalyst for a relevant change in the global economic trends. The United States and China have only agreed to postpone tariff increases, but no real trade agreement has been reached.

If we look at the last G20 meeting conclusions, nothing has really improved. Plans to introduce new tariffs are delayed, and the result is exactly what happened in the previous G20. The real news is the evidence of a manufacturing recession. Continue reading Forget the G20, global manufacturing recession is here

From Slowdown To Crisis. Liquidity and low rates, wrong solutions for the wrong diagnosis

From Slowdown To Crisis. Liquidity and low rates, wrong solutions for the wrong diagnosisThe recent macroeconomic data of the leading economies point to a widespread slowdown. What is more concerning is not just a logical moderation in the path of growth, but the acceleration in the weakening of economies that were supposed to be stronger and healthier. It is even more concerning that this aggressive worsening of key leading indicators in China, the EU, and most emerging economies happens at the peak of the largest monetary and fiscal stimulus in decades. Continue reading From Slowdown To Crisis. Liquidity and low rates, wrong solutions for the wrong diagnosis