JPMORGAN: “Global capex growth has slowed substantially from a six-year high in 2017 to a near-stall .. It likely also is a contributing factor in the more recent pullback in job growth.”

2. JPMORGAN: “Unlike the 2015-16 episode, .. the stall in profits over the past year has come primarily from a slide in margins,” contracting 7% in the year through 2Q19 — on par with the earnings recession of 2016.” pic.twitter.com/xNwpUoTYZn — Carl Quintanilla (@carlquintanilla) September 27, 2019

Tesla dilution over the past 5 years: The company is worth 39% more but each share is worth 3% LESS

by Pieerre Tesla’s market value has increased by 39% over the past 5 years, but Tesla shareholders have not benefited because Tesla has created so many new shares Tesla creates an extraordinarily large number of new shares, far more than a normal company. Over the past 5 years, the number of Tesla shares rose from ~125M … Read more

Keep an eye on $AMZN.

via Otavio (Tavi) Costa: It just broke down from a 4-year support. Pockets of this market are starting to fall apart: Busted IPOs. Cancelled IPOs. Small caps. Micro caps. FANGs. Software stocks. It all looks done for this business cycle.    

Global Economic Slowdown Continues To Go DEEP as China – U.S. Trade Battle WORST EVER!

The reality is that the economy is not what it was in 2014. It hasn’t recovered. It’s literally running on fumes of the QE rounds from post-Financial Crisis. Don’t worry, QE4 is here anyway. Let’s see how long this madness persists. Central bank balance sheets are rising and they won’t stop until they own everything. … Read more

Employment follows, PMI Services follows Manufacturing, Connect the dots or just wait for it to happen.

https://twitter.com/anilvohra69/status/1177723387470213120 Fed Funds & Recessions pic.twitter.com/KqDpNlplzO — Win Smart, CFA (@WinfieldSmart) September 27, 2019 Very rare for an ex-Fed chair to be critical publicly of existing Fed policy or forecasts. Surprised cautious Yellen weighing in supportive of Trump view that Fed policy is currently too tight. Fodder for Trump to attack Powell. Rate cuts needed.https://t.co/bzGeW7AiqM … Read more

Treasury’s Weak Denial Acts as Confirmation: US Weighs Crackdown on Capital Flows to Chinese Companies, Stocks & Bonds, Listed in the US or China

Wolf Richter wolfstreet.com, http://www.amazon.com/author/wolfrichter Stocks of Chinese companies listed in the US have turned into a fiasco. The US Treasury Department’s denial on Saturday focused on only one item, omitted to deny the other crucial items, and made the denial even soggier by ending it with “…at this time.” With this statement, sent to Bloomberg on Saturday, … Read more

500 international scientists and professionals declare “THERE IS NO CLIMATE EMERGENCY”

by clemaneuverers This is a link to the European Climate Declaration, published a few days ago, in which 500 international scientists and professionals attempt to reel in the climate alarmist narrative. This is a big deal since many of them are so called “heavy hitters”, and as is known to anyone familiar with climate science, … Read more