Description

Quite a start to the New Year: World War III declared and then seemingly forgotten; global data mildly positive, and the six-week signal in positive territory (glory be).  A good week for Asia and Europe, but a third disappointing week for the US. Quite possibly it really is time now to get on recession-watch for early-mid 2021. 

And finally, I have some questions about what it means when 'capital raising markets' become 'capital redeeming markets', as they did in both the US and Eurozone in 2019. 

Any comments, reactions and queries happily received at mtaylor@coldwatereconomics.com

Until next week . . .  

Thanks

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