Look at this chart: ratio of “present situation” to “expectations” from the Conference Board confidence report. Cut-and-dry sign of a tapped-out consumer. A great leading indicator at turning points because it either coincides with the recession or occurs a few months prior pic.twitter.com/qEf1a8ekVn
— David Rosenberg (@EconguyRosie) January 29, 2019
https://twitter.com/ercorbeil/status/1090446815785373696
"We are getting more worried about downside risks given the declining appetite among consumers for buying cars and homes, in particular among high-income households:" Deutsche Bank's Torsten Slok, who created this chart: pic.twitter.com/Lmue97cQZY
— Lisa Abramowicz (@lisaabramowicz1) January 30, 2019
https://twitter.com/OccupyWisdom/status/1090410167202729984
https://twitter.com/OccupyWisdom/status/1090300965448765440
US Pending Home Sales Crash Most In 5 Years https://t.co/FCFrcAbay5
— zerohedge (@zerohedge) January 30, 2019
Pending home sales drop in December despite much lower interest rates https://t.co/Y1mTVVBe2H
— CNBC (@CNBC) January 30, 2019
Germany Slashes 2019 Growth Estimate to 1%
“Euro-area confidence extended its worst losing streak in a decade and Germany’s government added to the pain by slashing its forecast for the region’s largest economy.”
Stephen Roach: Warnings from the Global Trade Cycle
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