US macro update, FX update
The Center of the Universe » ECB 2015-07-01
Summary:
US macro update: So looks to me like it’s all gone bad since the oil price crash, exactly as feared, and the Atlanta Fed most recently lowered it’s Q1 GDP estimate to 0. First, a quick review of the accounting. GDP = spending = sales = income. An increase in spending = an increase in […]
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