The narrative on CNBC today will be manufacturing is only 11% of GDP. Then they won’t tell you consumer spending on services, which is 45% of GDP, has seen its growth rate fall to a 5 and a half year low

The narrative on CNBC today will be manufacturing is only 11% of GDP. Then they won’t tell you consumer spending on services, which is 45% of GDP, has seen its growth rate fall to a 5 and a half year low

— GreekFire23 (@GreekFire23) October 1, 2019

"recession risk is real" t.co/xblIXNCK7N

— Sven Henrich (@NorthmanTrader) October 1, 2019

DEUTSCHE: “For the past year, we have seen a steady decline in US consumers’ interest in buying large household goods, i.e. washers, dryers, computers, TVs, furniture etc. This sentiment indicator has historically been a very good leading indicator of the business cycle” (Slok) pic.twitter.com/NSsk7xu7hp

— Carl Quintanilla (@carlquintanilla) October 1, 2019