RT @RobinBrooksIIF: Core inflation is a good fact-check for consensus output gaps. IMF (lhs) & European Commission (rhs) understated slack…

Chartbook Newsletter #12 just posted. On the dangers of Euro Area complacency. A cause @RobinBrooksIIF @heimbergecon @DanielaGabor and I have been urging for some time.

Pfizer reported more than $50 bn in revenue last year. Its Covid-19 vaccine is expected to generate about $14.6 bn in revenue 2021—some of which