July 2020 – Icarus Signals. The home of economic insight

Continued Global Reliance on an Increasingly Fragile Supply Chain

Posted on July 30, 2020 by TeamIcarus | 0 Comments

Over the past 20 years, as China's dominance was steadily built by an insatiable demand for cheap foreign labour and manufacturing capacity, the global trade environment continued to stack an…

Mask-denier Outed as PPP Funded Lamborghini Buyer

Posted on July 30, 2020 by TeamIcarus | 0 Comments

Some call it courage, others call it stupidity. It's likely the Public Prosecutor is going to call it "bank fraud" - at least. Since the implementation of government rescue packages,…

Worldwide Evictions Start Ramping Up, Lead by the US

Posted on July 30, 2020 by TeamIcarus | 0 Comments

Governments around the world have been scrambling to find a way to effectively plug the gaping hole between contracted lease terms, and the millions of tenants who, as a result…

The Retail Bankruptcy Wave May Be Subsiding….but Can It Hold?

Posted on July 30, 2020 by TeamIcarus | 0 Comments

The tsunami of retail bankruptcies, restructurings and liquidations seen since the onslaught of the COVID-19 pandemic has been of biblical proportions. In the US alone, more than 25 retailers and…

Goldman Warns “Real Concerns Are Emerging” About The Dollar As Reserve Currency; Goes “All In” Gold

Posted on July 30, 2020 by TeamIcarus | 0 Comments

In his morning critique of goldbugs’ resurgent optimism about the future of gold, which has exploded alongside the price of precious metals, which in turn have been tracking the real…

U.S. Economy will ‘Go Backwards’ Without $600 Weekly Unemployment Benefit

Posted on July 29, 2020 by TeamIcarus | 0 Comments

Billionaire Tilman Fertitta told CNBC on Tuesday that ending the $600-per-week federal unemployment supplement will impair the U.S. economy’s recovery from coronavirus-induced damage.

Treasury Volatility Fell to a Record Low Last Friday

Posted on July 29, 2020 by TeamIcarus | 0 Comments

Even for a market known to fall asleep over the summer, trading in Treasurys has gone quiet as the Federal Reserve asserts its intent to keep interest rates at zero…

German Senitment Chicanery Smells Like Japan

Posted on July 29, 2020 by TeamIcarus | 0 Comments

As Jeffry Snider of Alhambra laments "It’s one of those things I wish I had more time to thoroughly investigate. What can these Germans possibly be thinking? While the ZEW…

World Trade Volume Plummets In The Face of CB Pumps

Posted on July 28, 2020 by TeamIcarus | 0 Comments

Amidst the greatest ever coordinated Central Bank intervention, which has seen equity values soar off the lows of the CIVID shock, the latest set of data from the WTO does…