Posts made in February, 2024


Shrinking Manufacturing

Shrinking Manufacturing


Posted By on Feb 26, 2024

Shrinking manufacturing is underway in the eurozone’s largest economy, Germany where the sector is deep in a recession or a depression.  German Manufacturing PMI collapsed to 42.3 (Jan 45.5), 4 month low, which is depression territory. Anything under 50 is a contraction so with a worrying PMI of 42.3. Data tells a story. German manufacturing is de-industrialising, and that should not surprise anyone. An engine starved of fuel...

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USD Appreciation

USD Appreciation


Posted By on Feb 12, 2024

USD appreciation has been the theme since the last financial crisis in 2008. The EURO, the single bloc currency of a trading bloc valued at 16 trillion dollars (2022) and the second most globally traded currency, lost nearly 50% of its value against the USD since January 2008. USD appreciation against the pound sterling GBP is even more marked In January 2008, the GBP-USD exchange rate was 2.005, in January 2024, it is 1.26, and even...

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