Eurozone inflation re-accelerated to 3% in April from 2.6% in March and 1.9% in February
Latest Processing Gap
The two economies named in Monday's reading remain two economies. The capital-asset economy compounding upward on AI capex. The wage-and-fuel economy losing ground. The gap is now sustained long enough to be structural. It will be priced as policy, not anomaly.
Appearances
Real economic growth was weak in Q1. The European Central Bank held its benchmark rate. The IEA forecasts a Q2 contraction of 1.5 million barrels per day in global oil demand — the sharpest decline since COVID. The S&P, NASDAQ, KOSPI, Nikkei, and TAIEX continue printing record highs. Bitcoin sits near $80,000 on consistent institutional ETF inflows.
The two economies named in Monday's reading remain two economies. The capital-asset economy compounding upward on AI capex. The wage-and-fuel economy losing ground. The gap is now sustained long enough to be structural. It will be priced as policy, not anomaly.