1072 days ago
The total goods trade deficit was of $90.6 billion for the month of March, vs. $88 billion and 87.1 for January and February. Imports were up 6.8% and exports 8.7%. Buying too many things overseas?
1073 days ago
Coincidentally China is set to announce first population decline since 1949. Source: Vincent Deluard, Ritesh Jain
1073 days ago
Although the US GDP growth looks similar to what we could see in the 80s, we need to have a look at the fiscal aid as a % of the GDP to see that it is much, much higher: 2-3% was the highest point reached in the 80s, and we are 10% higher today. The question remains: to what extent will this stimulus help the real economy?
1073 days ago
More and more German banks introduce penalty interest on customers’ deposits to cover costs incurred by ECB’s negative rate for bank deposits. According to Bundesbank, 77% of all company deposits and 42% of private customer's deposits are now penalized. Source: Holger Z, Deutsche Bundesbank
1075 days ago
One McDonald's in Florida is offering $50 for anyone who comes in for a job interview. The owner of the location said that restaurants are "scrambling for help." and it has not been this difficult to hire workers in decades. So what's going on? At the moment, there are over 100 million Americans who are out of the labor force (of whom just 6.85MM want a job currently, and a record 94 million don't want a job).Simultaneously, JPMorgan warned of a massive labor shortage in the US. However, JPMorgan did not expand on what may be causing this unprecedented schism within the economy but did suggest that the "robust" government stimulus may be keeping workers on the sidelines. Some 17 million Americans remain on jobless benefits. Perhaps many of these people want jobs but are getting paid more to sit on the couch...
www.zerohedge.com, businessinsiders.com
