(1) Natural and man-made disasters. (2) GVC recession is shorter but deeper than GFC downturn. (3) An unprecedented lockdown recession. (4) GVC recovery should take less time than GFC did. (5) Big Q3 recovery ahead for real GDP. (6) US business sales of goods almost back to normal. (7) Big boost from inventories ahead. (8) Amazingly fast roundtrip for US auto assemblies. (9) No recession in tech output. (10) China’s NM-PMI was different this time. (11) Too many old people in China? (12) Eurozone showing partial recovery in production, but complete recovery in retail sales. (13) More oomph in Germany. (14) Submerging economies emerging again. (15) FAANGM update.
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