During the Covid-19 crisis, the global supply chain was decimated as lack of workers, lockdowns, and shortages drove shipping and transportation rates to record levels. By the end of 2022 though, the cost to transport goods had dropped to near pre-pandemic levels.
Since the merge, ETH's burn rate more than offsets its issuance rate. It is now a deflationary asset.
Redfin's alternative measures of the housing market continue to show a slowdown in the crazy conditions of the last year.
Japan's 1-year note yield briefly turned positive for the first time in roughly seven years. This is significant in that Japan's 1-year note was the last holdout of negative-yielding bonds in Bloomberg's Global Aggregate Index.
A long-term look at U.S. dollar/British pound exchange rates
Some interesting charts from our recent posts
Today's topics include a look back & a look ahead at job growth, pivot hopes continue unabated, not everyone thinks inflation has been slayed, alternative interpretations of labor market churn & productivity, who will buy as central banks step away?, Kashkari on the Fed's inflation models, this time is different: yield curve edition, and insider sentiment
Today's topics include interpreting various labor market indicators, previewing the FOMC minutes, earnings devaluation in 2022, falling natural gas prices, Cathie Wood buys more Tesla after rout, how long can the BoJ maintain yield curve control?, and iron ore as a gauge of China's reopening
2022 was a year most investors would rather forget, with both stocks and bonds falling in tandem and very few major assets providing positive returns.
Today's topics include ARK's horrific 2022, bullish on TLT, the most predicted recession, tough times for big tech, UK homebuyers, the UK economy, job switchers and stayers, BoJ still on the hot seat on policy, where will volatility appear in 2023, Russian oil flows, the next global energy dynamic, and China's mobility bounces back