Global money update: EM strength
Global money trends suggest that major economic weakness will be deferred until later in 2026. Continue reading
UK inflation: “monetarist” optimism on track
Inflation is realigning with lagged money trends as policy distortions fade. Continue reading
Chinese money update: lacklustre outlook
October money / credit numbers were mixed, suggesting a continuation of sluggish economic growth. Continue reading
Manufacturing roll-over?
The forecast of an inflection weaker in global manufacturing PMI new orders is supported by the “internals” of the latest survey. Continue reading