More green shoots

https://twitter.com/Fxhedgers/status/1194765847501230081

More green shoots https://t.co/KiagAGnnBu

— Greg (@GS_CapSF) November 13, 2019

Urgh, no good news here from Australia: full-time jobs falling by 10.3k & part-time is falling by -8.7k.

So u bet that Australian households, who are already most indebted in Asia (and amongst the most in the world), won't go for a shopping spree. Low rates smooth the cycle but. pic.twitter.com/KJax85mbyD

— Trinh (@Trinhnomics) November 14, 2019

The inventory to sales ratio is rising at the fastest rate in the transportation equipment segmenthttps://t.co/nDvYmzhEhk pic.twitter.com/dXAHvWgEv9

— Eric Basmajian (@EPBResearch) November 13, 2019

“We are feeling the effects of weak global auto demand and do not expect any improvement for the time being,” said Infineon chief executive Reinhard Ploss. He added that any pick-up in the car market would probably not be felt before the second half of 2020. pic.twitter.com/ZQxHfOg7QA

— Alastair (@StockBoardAsset) November 13, 2019

Total vehicle sales vs. UMich vehicle buying conditionshttps://t.co/nDvYmzhEhk pic.twitter.com/rkr6I3eCkc

— Eric Basmajian (@EPBResearch) November 13, 2019

The #ISM Manufacturing Index below 50 is NOT a good #recession indicator. There have been numerous drops below 50 there were not followed by a recession. pic.twitter.com/N1iXxsrbAC

— jeroen blokland (@jsblokland) November 13, 2019

Is Economic Winter Coming?

Now that the old rules governing macroeconomic cycles no longer seem to apply, it remains to be seen what might cause the next recession in the United States….