An eerie feeling

Daily Thoughts 27 Mar 2025

You can also access this via Tuomas Malinen on Geopolitics and the Economy.

There was an error in the post published yesterday (in the paywalled section). I meant to note that “even after correcting the negative effect of trade, the drop in the nowcast (from around 2% to 0.2%) is rather spectacular”. I was referring to the Atlanta Fed Nowcast experiencing this drop

Today, I want to comment on the situation on the ground in Ukraine (I have not done that for a while). I will also provide some important updates on the peace (truce) negotiations almost completely bypassed in the western media.