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Fishing for some fascinating trivia about the "New Abnormal" period we live in? Here are ten remarkable observations from BofA's Micharl Hartnett that demonstrate that we live in a time like no other.
Fed cut makes it 729 global central bank cuts since Lehman bankruptcy.
Consumer - Confidence - Level - Business - Confidence
Soaring US consumer confidence at highest level vs. plunging German business confidence since Q4'98…when Fed cut rates "mid-cycle" igniting bubble of '99.
EM equities at lowest level vs. US equities since 2003…China weak, US$ strong.
Wall - St - US - Sector - Assets
Wall St (US private sector financial assets) now 5.5x the size of Main St (US GDP)… between 1950 & 2000 the norm was 2.5-3.5x…Wall Street is now "too big to fail".
Global debt now 3.2x the size of global GDP, an all-time high.
China - Tariffs - Sept - US - Tariff
Fresh China tariffs in Sept would raise average US tariff on total imports to 5.6% from 4.5%, highest since 1972…was 1.5% before Trump.
US companies spent...
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