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Bi-Weekly August 2022
Macro Update: The US Service sector slows down significantly in August The US economy is facing more headwinds during the last weeks. The service sector has pushed the whole economy into a significant slowdown. Technically we can argue that after two quarters with negative US GDP growth rates during 1H 2022 we might be already in recession. However,…
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Bi-Weekly. July 2022 I
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Bi-Weekly. May 2022 I
Bi-Weekly. March 2022 I Macro Update: Fed’s 2nd rate hike raises the risk of the US economy hard landing The US Fed has risen its policy rate by 50 basis points. This was mostly expected by the markets and analysts. However, only after the Fed chair M. Powell said “no” to a 75-basis point increase in the future…
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Bi-Weekly. April 2022 I
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Bi-Weekly. March 2022 I
Bi-Weekly. March 2022 I Macro Update: Spikes in commodity prices might push US into recession in H2 2022 The US has little trade interaction with the Russian Federation, but they face now a severe risk of falling into a recession. On one hand commodity shocks coincident with recessions but on the other hand it might be the Fed…
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Bi-Weekly. February 2022 II
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Bi-Weekly. February 2022 I
Bi-Weekly. February 2021 I Macro Update: Strong US job data gives the Fed more room to tackle inflation faster Last weeks we were surprised by the US job data. In January 467’000 jobs were created, while December jobs creation statistic was adjusted to 511’000 new places. Although this is now already history it has an impact on…
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Tapering means a touch less stimulus and not tightening
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Join Cbonds & Blackfort Capital webinar on the 10th of November
Are Chinese bonds offering an attractive entrance? If you are looking for a decent yield on the bond market, you’d be curious to attend our next Cbonds online seminar: “Are Chinese bonds offering an attractive entrance?” in cooperation with Andreas Bickel, Chief Investment Officer at Blackfort Capital. DATE: Wednesday, November 10th, 2021. TIME: 2:00 pm CET. Andreas Bickel…
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Bi-Weekly. Blackfort. October 2021 (II)
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Bi-Weekly. Blackfort. October 2021 (I)
Macro Update: The US economy has gained momentum based on the latest ISM Data The news narrative over the last weeks was about a global slowdown led by China and followed by Europe and the US. Such statements are based on economic forecasts. Today’s latest Chinese PMI data, neglected by economists, came as surprise. All three indictors have…