#ECB balance sheet keeps shrinking after the end of QE. Total assets dropped by €18.5bn the past week to €8,746bn, 5th decline in 6 weeks. ECB balance sheet now €90bn below ATH, but still equals to 80.9% of EurozoneGDP vs Fed's 35.7% and BoJ's 133.8%.
Half of China’s provinces are making it up as they go along….‘This isn’t easy’: 16 of China’s provinces pledge GDP goals are within reach via @SCMPNews
“I don't think a near-term hike matters all that much as people are expecting,” @jpmorgan Managing Director Monica DiCenso says on the Fed. “Yes, we saw negative GDP but the Fed may be able to balance this in the coming months.”
Big GDP projected. Pelosi only looking to Bail Out badly run Democrat Cities. Tap, Tap, Taping us along. She has little interest in helping out the “people”.
....Germany pays 1% (slowly) of GDP towards NATO, while we pay 4% of a MUCH larger GDP. Does anybody believe that makes sense? We protect Europe (which is good) at great financial loss, and then get unfairly clobbered on Trade. Change is coming!
If the Fed had done its job properly, which it has not, the Stock Market would have been up 5000 to 10,000 additional points, and GDP would have been well over 4% instead of 3%...with almost no inflation. Quantitative tightening was a killer, should have done the exact opposite!
The GDP Rate (4.2%) is higher than the Unemployment Rate (3.9%) for the first time in over 100 years!