Chinese growth has disappeared
The collapse of industrial production foreshadows what the future figures could be in the Euro zone. The collapse of Chinese industrial production is spectacular. The figures were expected to decline…
Philippe Waechter's blog
The drop in the official Chinese PMI – Is the Global Recession coming ?
The PMI survey for the manufacturing sector dropped to 35.7 in February, way below the weakest recorded number during the 2008 financial crisis. The index was at 38.8 in November…
The German recession is here
The risk of recession is increasing in #Germany. The figures for industrial production (-7.5% in Q2 at annual rate (see here)) set the context for the GDP figure to be…
Recession in Germany
German production fell -1.8% in June over one month (excluding construction). It has fallen in 5 of the last 6 quarters and in Q2 the decline is -7.5% annualized rate.…
The recession is at the corner
Investors do not see how to exit from uncertainties. They rush on non-risky assets. The recession at the corner #monetarypolicy #recession In the past, when all market rates on the…
US yield curve – an update
Inversion of the US yield curve. The signal for a forthcoming recession. No one wants to take bets on the future.