All eyes on the American consumer

Last week brought a lot of talk of an American and even a global recession. A slew of weak economic data from China and the German industrial sector underpinned the negative narrative. The recession indicator from the Federal Reserve Bank of New York now shows a 31 percent chance of a recession in the US…

Trade Wars: please fasten your seat belts

What a week.   Even by the tumultuous standards of the Trump presidency, the last week has been quite busy. Federal Reserve did the warmups, but it was the escalation of the trade war with China, which really got the party started. We are now close to a global currency war, which could easily spin…