Sunday, 3 September 2017

Stories we should be thinking about

Stories we should be thinking about

Macro matters:

An interesting Sunday!  The weekend started so optimistically...

‘Value of global stocks crossed $80tn for 1st time in history as Goldilocks scenario prevails. Now worth $80.3tn, equals to 105% of world GDP’
(h/t @Schuldensuehner)

And of course this was after a Friday which included data like: "Global Manufacturing PMI at 75-month high in August"
And as I noted on Twitter at the time: ‘thanks lower $USD for your contribution to global balance’

Oh yes, the US dollar has been weak YTD...
Screenshot 2017-09-02 at 20.02.26.png

...and you can see the influence on the manufacturing PMI of higher commodity prices (input costs) which are typically helped by a lower US dollar:

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