US Commercial Bank deposits fell 4.9% over the last year,
the largest YoY decline on record |
00:01 -
18/04/23 |
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Some good charts this week from JPM’s Cembalest: |
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IMF now expects Germany's economy to contract 0.1% this
year, compared w/its previous projection of slight growth.
GDP is then expected to bounce back 1.1% in 2024 |
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The Fed’s holdings of US Treasuries had its largest weekly
decline in history |
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NFIB small business hiring plans (yellow line, middle chart)
dropped to its lowest level since May 2020. While nonfarm
payrolls are still growing, there appear to be crack forming
in the labor market |
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