654139cc-65a4-4a91-82b7-489d840095eb

Greetings,We start with the Eurozone where Mario Draghi indeed brought out the ECB “bazooka”. Source: nextquotidiano.it Here is what the central bank decided to do: rate cuts, expanded QE, buying corporate bonds, new TLTRO, etc. Source: @fastFT While this cut in the deposit facility was expected, the benchmark rate cut was new. The markets cheered,

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1602_VP_A+not+so+reliable+barometer

A cacophony of recession chatter is filling the airwaves. Some experts are already declaring we are in one while others are raising warning flags. Their message has not been lost on the masses: google searches for the word “recession” have risen to the highest level since 2012. Interestingly, many commentators cite the 20% decline in global stock prices as the warning signal, if not the cause

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65346e26-17b4-4b9b-a542-c3c308b71f61

Greetings,We begin with the energy markets where the gradual declines in US oil output continue. Source: EIA This is the weekly US crude production compared with the previous year. Let’s continue with  several other developments in the energy markets. 1. US oil imports are no longer declining. Source: EIA 2. Crude oil inventories continue to build. Here

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