Global Business Mobility Remains in Decline
Global Business Mobility, defined as GDP-weighted Google geolocation data of workplace less residential mobility for the 24 largest economies in the world, representing over two-thirds of global GDP, remains in decline despite a recent uptick.
Global V-Shaped Recovery Stopped Dead in Its Tracks
At this stage we might have to discard the V-shape recovery hypothesis and perhaps look to a Nike swoosh or W-shaped recovery for both the US and the rest of the world.
Dealing with a Runaway Market
Those of you who have been following us since 2010 will identify us a perma-bulls. Even in the depths of the ECRI 2012 /Hussman recession calls we were firmly bullish on the US economy and stock market – quite contrary to the popular consensus at the time.
Mixed Signals from Labor Market
We keep getting good news about employment and the labor market. But we rarely see the less optimistic numbers.