acemaxx analytics
@acemaxx.bsky.social
macro economics, charts, books, short interviews, Alumni University of St. Gallen, Switzerland
https://acemaxxanalytics.substack.com/
https://acemaxxanalytics.substack.com/
#Germany wholesale prices (PPI) in Oct 2025: 1.1%Y, 0.3%M, (Sept: 1.2%Y, Aug: 0.7%Y) - over the past 32 months, wholesale prices have risen slightly only twice, otherwise they have always fallen, chart @destatis
www.destatis.de/DE/Presse/Pr...
www.destatis.de/DE/Presse/Pr...
November 12, 2025 at 7:20 AM
#Germany wholesale prices (PPI) in Oct 2025: 1.1%Y, 0.3%M, (Sept: 1.2%Y, Aug: 0.7%Y) - over the past 32 months, wholesale prices have risen slightly only twice, otherwise they have always fallen, chart @destatis
www.destatis.de/DE/Presse/Pr...
www.destatis.de/DE/Presse/Pr...
#Germany #inflation CPI in Oct 2025: 2.3%Y, 0.3%M, (Sept: 2.4%Y, Aug: 2.2%Y) -- In this situation, #ECB would also have to do everything in its power to stimulate investment activity, chart @destatis www.destatis.de/DE/Presse/Pr...
November 12, 2025 at 7:08 AM
#Germany #inflation CPI in Oct 2025: 2.3%Y, 0.3%M, (Sept: 2.4%Y, Aug: 2.2%Y) -- In this situation, #ECB would also have to do everything in its power to stimulate investment activity, chart @destatis www.destatis.de/DE/Presse/Pr...
#capex
Thus far in 2025, aggregate real fixed investment growth has been modest, tracking below real GDP growth, chart #MorganStanley
Thus far in 2025, aggregate real fixed investment growth has been modest, tracking below real GDP growth, chart #MorganStanley
November 12, 2025 at 6:56 AM
#capex
Thus far in 2025, aggregate real fixed investment growth has been modest, tracking below real GDP growth, chart #MorganStanley
Thus far in 2025, aggregate real fixed investment growth has been modest, tracking below real GDP growth, chart #MorganStanley
#doodle
One blatant #definition of #austerity is seeking a #balanced budget.
Thus, the approach “tighten one’s belt” is a political choice.
One blatant #definition of #austerity is seeking a #balanced budget.
Thus, the approach “tighten one’s belt” is a political choice.
November 12, 2025 at 6:38 AM
#doodle
One blatant #definition of #austerity is seeking a #balanced budget.
Thus, the approach “tighten one’s belt” is a political choice.
One blatant #definition of #austerity is seeking a #balanced budget.
Thus, the approach “tighten one’s belt” is a political choice.
Heiner Flassbeck takes on the ominous graph that is currently circulation in #Germany and shows how #austerity protagonists profoundly misunderstand the economy – chart @handelsblatt
www.handelsblatt.com/politik/konj...
www.handelsblatt.com/politik/konj...
November 12, 2025 at 6:29 AM
Heiner Flassbeck takes on the ominous graph that is currently circulation in #Germany and shows how #austerity protagonists profoundly misunderstand the economy – chart @handelsblatt
www.handelsblatt.com/politik/konj...
www.handelsblatt.com/politik/konj...
The Twin Deficit Myth Lives On
Why cutting deficits won’t fix America’s trade gap
acemaxxanalytics.substack.com/p/the-twin-d...
#Pictet Wealth Management, Geneva #Switzerland
recently argued that a lasting reduction in the U.S. external deficit would require cutting the fiscal deficit.
Why cutting deficits won’t fix America’s trade gap
acemaxxanalytics.substack.com/p/the-twin-d...
#Pictet Wealth Management, Geneva #Switzerland
recently argued that a lasting reduction in the U.S. external deficit would require cutting the fiscal deficit.
November 12, 2025 at 6:24 AM
The Twin Deficit Myth Lives On
Why cutting deficits won’t fix America’s trade gap
acemaxxanalytics.substack.com/p/the-twin-d...
#Pictet Wealth Management, Geneva #Switzerland
recently argued that a lasting reduction in the U.S. external deficit would require cutting the fiscal deficit.
Why cutting deficits won’t fix America’s trade gap
acemaxxanalytics.substack.com/p/the-twin-d...
#Pictet Wealth Management, Geneva #Switzerland
recently argued that a lasting reduction in the U.S. external deficit would require cutting the fiscal deficit.
The ranks of #Switzerland’s prized #finance sector are shrinking, as tighter #regulation and industry #consolidation force smaller wealth managers and private #banks to close or merge, chart @financialtimes.com
www.ft.com/content/35f2...
www.ft.com/content/35f2...
November 12, 2025 at 6:18 AM
The ranks of #Switzerland’s prized #finance sector are shrinking, as tighter #regulation and industry #consolidation force smaller wealth managers and private #banks to close or merge, chart @financialtimes.com
www.ft.com/content/35f2...
www.ft.com/content/35f2...
10y UST term premium, chart #JPMorganAM
November 12, 2025 at 6:12 AM
10y UST term premium, chart #JPMorganAM
Global Top 10 largest companies by market capitalization, chart #MorganStanley
November 12, 2025 at 6:08 AM
Global Top 10 largest companies by market capitalization, chart #MorganStanley
(must-watch)
8 #Democrats voted with #Republicans to end Govt #shutdown – #JonStewart #TheDailyShow takes on this ridiculous “deal” – with profoundly convincing points … www.youtube.com/watch?v=eFI6...
8 #Democrats voted with #Republicans to end Govt #shutdown – #JonStewart #TheDailyShow takes on this ridiculous “deal” – with profoundly convincing points … www.youtube.com/watch?v=eFI6...
November 12, 2025 at 6:04 AM
(must-watch)
8 #Democrats voted with #Republicans to end Govt #shutdown – #JonStewart #TheDailyShow takes on this ridiculous “deal” – with profoundly convincing points … www.youtube.com/watch?v=eFI6...
8 #Democrats voted with #Republicans to end Govt #shutdown – #JonStewart #TheDailyShow takes on this ridiculous “deal” – with profoundly convincing points … www.youtube.com/watch?v=eFI6...
(nope!) wrong -
#Pictet WM - @pictetgroup.bsky.social notes today that «a sustained narrowing of the US external deficits would ultimately require a reduction in the fiscal deficit»
#Pictet WM - @pictetgroup.bsky.social notes today that «a sustained narrowing of the US external deficits would ultimately require a reduction in the fiscal deficit»
November 11, 2025 at 9:39 AM
(nope!) wrong -
#Pictet WM - @pictetgroup.bsky.social notes today that «a sustained narrowing of the US external deficits would ultimately require a reduction in the fiscal deficit»
#Pictet WM - @pictetgroup.bsky.social notes today that «a sustained narrowing of the US external deficits would ultimately require a reduction in the fiscal deficit»
#China plans to ease the flow of #rareearths and other restricted materials to the US by designing a system that will exclude companies with ties to the US #military while fast-tracking export approvals for other firms, chart @wsj.com
www.wsj.com/world/china/...
www.wsj.com/world/china/...
November 11, 2025 at 9:11 AM
#China plans to ease the flow of #rareearths and other restricted materials to the US by designing a system that will exclude companies with ties to the US #military while fast-tracking export approvals for other firms, chart @wsj.com
www.wsj.com/world/china/...
www.wsj.com/world/china/...
(Yes!) must-read
If Govt cut their borrowing, then either the private sector must borrow more, or the country must run a larger current account surplus. There is no 3rd option, chart @nickj_econ peofdev.wordpress.com/2025/10/29/b...
If Govt cut their borrowing, then either the private sector must borrow more, or the country must run a larger current account surplus. There is no 3rd option, chart @nickj_econ peofdev.wordpress.com/2025/10/29/b...
November 11, 2025 at 7:21 AM
(Yes!) must-read
If Govt cut their borrowing, then either the private sector must borrow more, or the country must run a larger current account surplus. There is no 3rd option, chart @nickj_econ peofdev.wordpress.com/2025/10/29/b...
If Govt cut their borrowing, then either the private sector must borrow more, or the country must run a larger current account surplus. There is no 3rd option, chart @nickj_econ peofdev.wordpress.com/2025/10/29/b...
US #equity risk premium, measured as the difference b/w S&P 500’s earnings #yield and 10y UST yield, has turned negative. US stocks now offer investors no return whatsoever on a risk-adjusted basis, chart @markets
www.bloomberg.com/news/article...
www.bloomberg.com/news/article...
November 11, 2025 at 7:05 AM
US #equity risk premium, measured as the difference b/w S&P 500’s earnings #yield and 10y UST yield, has turned negative. US stocks now offer investors no return whatsoever on a risk-adjusted basis, chart @markets
www.bloomberg.com/news/article...
www.bloomberg.com/news/article...
#FX
US #dollar is regaining its crown as one of the world’s most appealing assets, defying talk of a “Sell America” trade that had raised troubling questions about the outlook for the global reserve currency, chart @markets
www.bloomberg.com/news/article...
US #dollar is regaining its crown as one of the world’s most appealing assets, defying talk of a “Sell America” trade that had raised troubling questions about the outlook for the global reserve currency, chart @markets
www.bloomberg.com/news/article...
November 11, 2025 at 6:58 AM
#FX
US #dollar is regaining its crown as one of the world’s most appealing assets, defying talk of a “Sell America” trade that had raised troubling questions about the outlook for the global reserve currency, chart @markets
www.bloomberg.com/news/article...
US #dollar is regaining its crown as one of the world’s most appealing assets, defying talk of a “Sell America” trade that had raised troubling questions about the outlook for the global reserve currency, chart @markets
www.bloomberg.com/news/article...
Bank of #Israel ’s FX reserves at the end of Oct 2025 stood at $231,954 million, an increase of $74 million from their level at the end of the previous month. The level of the reserves relative to GDP was 41.3%,
chart BoI www.boi.org.il/en/communica...
chart BoI www.boi.org.il/en/communica...
November 11, 2025 at 6:53 AM
Bank of #Israel ’s FX reserves at the end of Oct 2025 stood at $231,954 million, an increase of $74 million from their level at the end of the previous month. The level of the reserves relative to GDP was 41.3%,
chart BoI www.boi.org.il/en/communica...
chart BoI www.boi.org.il/en/communica...
#economics
I am looking forward to @isabellamweber.bsky.social 's next awesome #book “Antifascist Economics” --- It will be published soon by @suhrkamp.de (German) and #penguinrandom (English) www.suhrkamp.de/buch/isabell...
I am looking forward to @isabellamweber.bsky.social 's next awesome #book “Antifascist Economics” --- It will be published soon by @suhrkamp.de (German) and #penguinrandom (English) www.suhrkamp.de/buch/isabell...
November 11, 2025 at 6:44 AM
#economics
I am looking forward to @isabellamweber.bsky.social 's next awesome #book “Antifascist Economics” --- It will be published soon by @suhrkamp.de (German) and #penguinrandom (English) www.suhrkamp.de/buch/isabell...
I am looking forward to @isabellamweber.bsky.social 's next awesome #book “Antifascist Economics” --- It will be published soon by @suhrkamp.de (German) and #penguinrandom (English) www.suhrkamp.de/buch/isabell...
While #Fed is lacking official data on #jobs, their reading of #labor market weakness might mean that a further rate #cut in Dec remains in the cards, chart #JPMorganAM
November 11, 2025 at 6:34 AM
While #Fed is lacking official data on #jobs, their reading of #labor market weakness might mean that a further rate #cut in Dec remains in the cards, chart #JPMorganAM
The drop in prices is already weighing on company results in #China
-- Recent filings show losses widening and margins thinning, with many firms citing weak demand and price wars, chart @economics www.bloomberg.com/graphics/202...
-- Recent filings show losses widening and margins thinning, with many firms citing weak demand and price wars, chart @economics www.bloomberg.com/graphics/202...
November 11, 2025 at 6:28 AM
The drop in prices is already weighing on company results in #China
-- Recent filings show losses widening and margins thinning, with many firms citing weak demand and price wars, chart @economics www.bloomberg.com/graphics/202...
-- Recent filings show losses widening and margins thinning, with many firms citing weak demand and price wars, chart @economics www.bloomberg.com/graphics/202...
In #China - meanwhile, a broader gauge that includes upstream sectors, known as the GDP #deflator, has been steadily declining for 10 quarters, indicating that #deflation is much more entrenched in the industrial sector, chart @economics www.bloomberg.com/graphics/202...
November 11, 2025 at 6:25 AM
In #China - meanwhile, a broader gauge that includes upstream sectors, known as the GDP #deflator, has been steadily declining for 10 quarters, indicating that #deflation is much more entrenched in the industrial sector, chart @economics www.bloomberg.com/graphics/202...
#Switzerland moves close to securing improved 15% #tariff deal with Washington - chart @bpolitics www.bloomberg.com/news/article...
November 11, 2025 at 6:12 AM
#Switzerland moves close to securing improved 15% #tariff deal with Washington - chart @bpolitics www.bloomberg.com/news/article...
These data help show how #Fed keeps the effective FFR (#FOMC’s preferred monetary policy instrument) between its upper and lower target range limits, chart @StLouisFed fred.stlouisfed.org/graph/
November 11, 2025 at 6:08 AM
These data help show how #Fed keeps the effective FFR (#FOMC’s preferred monetary policy instrument) between its upper and lower target range limits, chart @StLouisFed fred.stlouisfed.org/graph/
#FRED has added new data series of temporary open market operations and tri-party collateral rate date from the #NewYork Fed - chart @stlouisfed.bsky.social fred.stlouisfed.org/graph/
November 11, 2025 at 6:07 AM
#FRED has added new data series of temporary open market operations and tri-party collateral rate date from the #NewYork Fed - chart @stlouisfed.bsky.social fred.stlouisfed.org/graph/
The federal Govt #shutdown canceled a 2nd straight #jobs report, but private #data sources suggest the #labor market has weakened modestly since summer, chart @nytimes.com @bencasselman.bsky.social
www.nytimes.com/2025/11/07/b...
www.nytimes.com/2025/11/07/b...
November 11, 2025 at 6:04 AM
The federal Govt #shutdown canceled a 2nd straight #jobs report, but private #data sources suggest the #labor market has weakened modestly since summer, chart @nytimes.com @bencasselman.bsky.social
www.nytimes.com/2025/11/07/b...
www.nytimes.com/2025/11/07/b...