September 6, 2024

LOCKED Japan Update: July Real Wages Rise 0.4%, Real Consumption Up 0.1%

July Real Wages Rise 0.4%, Real Consumption Up 0.1%
BoJ’s Takata Looks for Sustainable Wage Increases
JGB Yields Fall to Lowest in Three Weeks
Record Number of Candidates for LDP Presidency

September 6, 2024

LOCKED MI2 Chart Point: More Recessionary Employment Signals

Earlier in the week, we sent you a piece entitled “The Fed and Employment”, highlighting the various employment metrics we had on our radar, and at face value, the data was commensurate with the market’s soft-landing assumptions. Unfortunately, when we dig below the surface, we believe the numbers actually raise the risks of a recession.

September 6, 2024

Thoughts From The Divide: Signals vs Omens

“High Tariffs, Weak Dollar? A recipe for disaster” Call me superstitious, but some irrational part of me can’t help but think the disappointment surrounding the

September 6, 2024