Structural Inflation Pressures Intact in the US

The underlying outlook for inflation in the US continues to point to upside risks in the coming years. Endless discussions between hyperinflationists and deflationists are boring and unproductive. We prefer to look at the data and the data is pretty clear. The...

Short leading indicators suggest strong US data ahead

Short-leading indicators for the US and global economy continue to show very strong signals mainly driven by low credit spreads and strong stock market performance.  In the past two months, we have seen a clear break-out of short-leading global indicators which is...