The Macro-Micro Disconnect In The US
On this week’s Business Monitor Podcast, we examine the disconnect in the US between positive microeconomic signals coming out of second quarter corporate earnings reports and consistently dismal macroeconomic data releases. BMI’s Head of Country Risk and Financial Markets Justin Patrie is joined by Global Economic Strategist Tim Cooper to discuss what accounts for this divergence and the key implications for the macroeconomic and financial markets outlook. Specific topics discussed include the rally in treasuries, the lacklustre stock market performance and the divergence in profitability between large and small companies.
