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Italy

No Recession in Sight; Just Volatility, End of Cycle Worries

As June began, market volatility re-emerged with both the stock and bond markets fluctuating wildly on a daily basis. The good news is that it looks like U.S. manufacturing got a bit stronger entering Q2, as did consumer spending. So, Q2’s U.S. GDP will be stronger than Q1’s. The May employment report, too, was stronger than anticipated; more good U.S. news. Unfortunately, the rest of the world, especially Europe and …Read More

The Italian Job Shouldn’t Have Been Such a Shock

The good news is that it looks like manufacturing got a bit stronger entering Q2, and consumer spending was slightly better, too. So, Q2’s U.S. GDP may actually be a tad stronger than Q1’s. But, the good news stops there, as the rest of the world, especially Europe, appears to have hit a wall, a barrier that has displayed itself for the last couple of months, but, till now, was …Read More