Economies aren’t doing what Economics 101 says they should be doing, with disinflationary evidence piling up, even as labour markets remain in relatively good shape. Group Chief Economist Neil Shearing talks to David Wilder about the sell-off in the bond market, potential paths to a soft landing, and the key messages from the July non-farm payrolls report. He also explains what an announcement from AMD says about artificial intelligence in a world of economic fracturing.
Plus, Kimberley Sperrfechter and William Jackson discuss the risks around the upcoming presidential primary in Argentina.
Plus, Julian Evans-Pritchard introduces our worrying new estimate for China’s economic trend growth rate and explains what that says about the underwhelming post-COVID recovery.