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US Commercial Bank deposits fell 4.9% over the last year, the largest YoY decline on record

00:01 - 18/04/23

 

 

 

Some good charts this week from JPM’s Cembalest:

 

 

 

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

 

 

 

The Fed’s holdings of US Treasuries had its largest weekly decline in history

 

 

 

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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