FlowBank

975 days ago

The BoE has underestimated the rise in inflation this year

In May, the Bank of England predicted that inflation would only briefly exceed its 2% target by the end of the year. However, inflation has now exceeded the BoE's forecasts for three months in a row, reaching 2.5% in June, with economists predicting that it will peak near 4% and remain above target. Source: Financial Times

#Macro

975 days ago

Mentions of 'supply chain' double in earnings calls

supply-chain related mentions also more than doubled YoY (+106% vs. +17% YoY in 1Q). Both supply chain and labor related mentions rose to record highs in BofA data history since 2004.

#Macro
Mentions of 'supply chain' double in earnings calls

976 days ago

Households now have $5 trillion excess savings - Goldman

This chart by Goldman Sachs explains the resilience of the markets. There’s a ton of cash still looking for a home - for instance, $5tn of excess savings globally.

#Macro
Households now have $5 trilion excess savings - Goldman

976 days ago

Comparing inflation readings

You get a different story on inflation, depending on the reading you use.

#Macro
Comparing inflation readings

979 days ago

Goldman vs consensus growth forecasts

Goldman Sachs have turned more sanguine than most on US growth prospects - blaming softer consumer behaviour and the Delta variant of covid.

#Macro
Goldman vs consensus growth forecasts
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