Sobering Thoughts: “Bottom line, more and more data are indicating that this is the beginning of an economic contraction.”

Sobering Thoughts: "Bottom line, more and more data are indicating that this is the beginning of an economic contraction." pic.twitter.com/xEOvC3bXSb

— Alastair (@StockBoardAsset) July 15, 2019

non-gov't, alternative data shows an impressive industrial slowdown ripping through the american heartland pic.twitter.com/2RI9LH2tmR

— Alastair (@StockBoardAsset) July 14, 2019

A composite index of all future employment data from all five regional Fed surveys continues to roll over, in line with our leading employment index, suggesting a weaker trend in payrolls is likely. pic.twitter.com/uQ19VkdmdK

— Eric Basmajian (@EPBResearch) July 15, 2019

Empire State Manufacturing Fed Survey

Headline pops to 4.3 from -8.6 pic.twitter.com/vNvoSffs7m

— Eric Basmajian (@EPBResearch) July 15, 2019

Warning Shot to World Economy as Singapore Slumps, China Exports Drop

• Singapore’s trade-reliant economy contracts annualized 3.4%
• China exports decline 1.3%, imports plunge 7.3%, data shows

China posts its lowest quarterly growth in 27 years as the trade war drags on

Banks Aren’t Ready for the Next Crisis, Loan-loss reserves are as low as they were in 2008 – Bloomberg

rapid slowdown across europe pic.twitter.com/eEvp1A9AiW

— Alastair (@StockBoardAsset) July 16, 2019

ugly slowdown in Asia pic.twitter.com/mrJ7Sz1Yy9

— Alastair (@StockBoardAsset) July 16, 2019