Jan 11, 2023·edited Jan 11, 2023Liked by Alfonso Peccatiello (Alf)

Hey Alf, thanks for providing still some free content for us university students.. :)

there's always something new to learn in ur pieces.

Un saluto da un fan italiano!

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Jan 12, 2023Liked by Alfonso Peccatiello (Alf)

"Subscribe to The Macro Compass to read the rest"...I Am a paid subscriber, why the shortened report?

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Hi Alf, German and French inflation were both negative MoM - how do we reconcile this with the idea that yoy core euro inflation will keep marching higher for many months?

Do you have any good data on the amount of excess consumer savings waiting to be put to work in China?



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Thanks Alf. More food for thought.

You said that the US portfolio is the preferred one even for Europe-based investors.

Should we be hedging the currency if we use it, or is the global dollar shortage just going to add more to the unhedged returns for Europeans?

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Well done, Alf thank you. As a push back, does the CPI print really matter? Outside of short-term reaction functions you mention? It seems we've made our bed already or the cycle has made it for us.

Side note: I've spent too long looking this morning already through past pieces; was it you that had the beautiful, clean chart of ISM PMIs overlaid on GDP growth and/or equity market? That chart is a novel in one page and cannot find it. Anyway, no worries and thanks for your work as always

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can you pls put a link at the bottom to make it easy for existing subscribers?

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