Q3 GDP came in at a boomy 4.9%. The primary drivers were inventories and personal consumption, at 1.3% and 2.69%. The inventory rebuild is a volatile component, but the consumption figure is ...
Consumption is an always effect of what actually matters: production. It’s a reminder that while “supply siders” are increasingly ridiculous, “supply-side economics” is a statement of the obvious: the ...
The case for introducing fundamentally driven, or smart, global bond market indexes has been reinforced by both rapid growth in sovereign bond issuance and DM debt levels in recent years.