The Philly Fed Manufacturing Survey for July rebounded sharply to 21.8 from 0.3, beating expectations of 5.0. This rebound was the largest in a decade. The message from the most reliable regional Fed survey thus echoes that of…
Highlights We are searching for evidence of an imminent end to this business cycle, … : Investors who recognize the onset of the recession in a timely fashion will have a leg up on the competition all the way through the…
Highlights 10-year real Spanish and Portuguese bond yields have already fallen below the neutral rate of interest for the entire euro zone. This suggests monetary conditions could now be favorable for all euro zone countries. Should…