Simon Smelt

JPMorgan Global PMI Report: May Manufacturing Improves Again

Nice coverage, thank you. In terms of a conventional economic cycle, we have reached or are reaching the bottom of the V around the globe. What this doesn't tell us is:
(i) the impact of all the debt that governments are building up to achieve this;
(ii) how much more junk from the financial sector yet has to surface.
V, W or L shaped recovery? Still not clear.