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Global Macro In 1 Simple Chart

Tyler Durden's picture




 

The US and UK are the 'best' performing world economies based on PMIs. Despite slumping real incomes, surging gas prices, a dismal Q1, fading Q2 growth expectations, and the US being the worst relative performing macro-surprise index in the world this year, it is the cleanest clean shirt with the great expansion based on soft-survey data. France joins Korea at the bottom of the global pile of macro-economic performers with Russia, Brazil, Australia, and Greece also in contraction. Here is your 1-stop-shop guide to global macro - USA USA USA...

 

 

Source: JPMorgan

 

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Thu, 07/03/2014 - 17:41 | 4922927 HUGE_Gamma
HUGE_Gamma's picture

Canada *

Thu, 07/03/2014 - 17:53 | 4922968 Occident Mortal
Occident Mortal's picture

The change in the UK over the past 18 months is very obvious.

It does feel like the big recession has passed.

The economy is hardly booming though. It's somewhere between tepid and mild growth.

But people are out looking for ways to make money again rather than ways to cut costs.

Britains strength also makes Brits a lot more bullish on leaving the EU.

We want the same relationship Switzerland has.

Thu, 07/03/2014 - 17:45 | 4922943 NOTaREALmerican
NOTaREALmerican's picture

Greeeeeennnnn ssssshhhhhhooooooottttttttttttttssssssssssssssssssssssssssssss!!!

Thu, 07/03/2014 - 18:23 | 4923055 Son of Loki
Son of Loki's picture

I'll move to South Korea any day! Clean streets, zero violent crime, clean air, fine food and good looking [slim] women....

What more does a man need?

Thu, 07/03/2014 - 18:48 | 4923116 NoDebt
NoDebt's picture

Kimchi?  Soju?  

 

Thu, 07/03/2014 - 18:55 | 4923131 NidStyles
NidStyles's picture

That is the exact opposite of what I experienced in South Korea when I was stationed there.

Fri, 07/04/2014 - 11:25 | 4924601 damicol
damicol's picture

During the Korean war I take it.

 I heard things moved on since then

Fri, 07/04/2014 - 02:58 | 4924088 Bemused Observer
Bemused Observer's picture

Yeah, but our neighbor to the North is Canada.

Thu, 07/03/2014 - 18:49 | 4923118 CHX
CHX's picture

Garbage in, garbage out. Next.

Thu, 07/03/2014 - 20:22 | 4923356 Youri Carma
Youri Carma's picture

However:

U.K. services PMI falls, but doesn't dent GDP view http://www.marketwatch.com/story/uk-services-pmi-falls-but-doesnt-dent-g...

Services PMI Business Optimism Tumbles As ISM Drops; Misses Most Since January http://www.zerohedge.com/news/2014-07-03/services-pmi-business-optimism-...

Factory Orders Drop Most Since Jan; Inventories Surge Most Since Oct 2011 http://www.zerohedge.com/news/2014-07-02/factory-orders-drop-most-jan-in...

Thu, 07/03/2014 - 20:32 | 4923402 Caveman93
Caveman93's picture

57.3 Dafuq?

Thu, 07/03/2014 - 23:48 | 4923876 Lord Koos
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I just don't get why the British pound is strong, and why their economy is (alledgedly) improving.  What do they make in England these days that the rest of the world needs?  Manufacturing?  Agriculture?  It's a ponzi same as the USA.

The source of the stats is J.P. Morgan, enough said.

Fri, 07/04/2014 - 12:31 | 4924729 Big Brother
Big Brother's picture

They have very robust quaternary and quinary economies.  

http://en.wikipedia.org/wiki/Quaternary_sector_of_the_economy

http://en.wikipedia.org/wiki/Quinary_sector_of_the_economy

They also provide protection for the world's oligarchs.

 

 

Fri, 07/04/2014 - 09:04 | 4924379 AGORACOM
AGORACOM's picture

MOVE .. TO .. CANADA

Fri, 07/04/2014 - 11:23 | 4924595 damicol
damicol's picture

Its a joke right, ??

 

I mean  FFS europe , US UK 

Don't tell me,, that fucking half wit krigman is trying to pull another fast one or that fucking slack french slag legdegrade

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