Good morning! Shall we speak of good news from Asia? China lop-sided growth (mostly supply & not much demand) finally more balanced! Sadly, we're at a lower equilibrium with supply and demand downward:
July retail sales disappointed
IP slowed
Investment rather bad!!!— Trinh (@Trinhnomics) August 16, 2021
Shipping bottlenecks and resulting supply-chain disruptions are "the single biggest threat the economy faces at the moment…Imagine if oil went up from $20 per barrel to $200 per barrel, then that would be tantamount to what’s happening now." https://t.co/ixdKx9Jor0 pic.twitter.com/8O46VV55LN
— Lisa Abramowicz (@lisaabramowicz1) August 16, 2021
SHIPPING COSTS
NEW HIGH 👇👇👇 pic.twitter.com/cTajGxVntj— Win Smart, CFA (@WinfieldSmart) August 16, 2021
🇺🇸Empire State Mfg Survey Crashes In August, Prices Soar.🧐 pic.twitter.com/WvH17iIC0i
— Antonio Pérez-Algás (@apanalis) August 16, 2021
Weak August Empire Manufacturing at 18.3 vs. 28.5 est. & 43 in prior month; new orders fell from 33.2 to 14.8, inventory down from 16.2 to 6.2, and prices paid also down slightly from 76.8 to 76.1 … employment fell from 20.6 to 12.8 but for now, still expanding pic.twitter.com/pwodJSkOk1
— Liz Ann Sonders (@LizAnnSonders) August 16, 2021