COTD: COVID Growth Impact – Statista

COTD:  Chart of the Day The World Bank published its latest Global Economic Prospects report on Monday, providing us with another glimpse of the expected economic fallout of the COVID-19 pandemic. According to its revised forecasts, the global economy will shrink by 5.2 percent this year, which would mark the deepest recession since World War II. “This is … More COTD: COVID Growth Impact – Statista

U.S. Semi Production Hobbled By Labor Shortages

On May 15, the administration announced that Taiwan Semiconductor Manufacturing Co., plans to build a new $12 billion factory in Arizona.  In addition,  Intel is considering moving some production back to the U.S., and U.S. officials is also trying to convince Samsung to the States.   Call us skeptical as announcements are just that and we will … More U.S. Semi Production Hobbled By Labor Shortages

Depression Data But Depression Not The Base Case

By Gary Evans and Jon Custer Custer Consulting Group Summary The Atlanta Fed’s GDP Now is estimating a -34.9 percent Q2 GDP print, which is 3.5x the largest quarterly decline in the post-WWII economy If realized, the 11.3 percent non annualized first-half GDP collapse in 2020 will approach the worse year of the Great Depression, … More Depression Data But Depression Not The Base Case

German March Industrial Output Plunges Over 9 Percent

In context, not surprising given global economy was shuttered.  What matters is the strength of the rebound as economies reopen. OUCH! German Industrial Production had historic plunge in March. Total industrial output – comprised of output in manufacturing, energy and construction – crashed 9.2% in March from Feb. Industrial output fell 11.6% YoY. pic.twitter.com/8D0ApYmP1p — … More German March Industrial Output Plunges Over 9 Percent