Oh no… 😳 t.co/5WcbRF7GpJ
— Nomi Prins (@nomiprins) December 31, 2019
- The U.S. economy is “structurally less recession-prone today,” Goldman Sachs economists said.
- That calls comes just months after Wall Street feared that an inverted yield curve was signaling an imminent recession.
- Goldman cites five factors that pose a reduced threat to the “Great Moderation” that began more than 30 years ago and was interrupted only by the financial crisis.
— Sven Henrich (@NorthmanTrader) December 31, 2019
— Market Musings (@AndysCycles) December 31, 2019
Ethylene – one of the most used polymer for industrial use – seems not agreeing that much to the reflation narrative. Repeat after me, once again: global economy has not bottomed. pic.twitter.com/vBsXcKUwpG
— Gianclaudio Torlizzi (@TCommodity) December 31, 2019
Looks like the global reflation trade is proceeding as planned.
— Danielle DiMartino Booth (@DiMartinoBooth) December 31, 2019
2019 recap: Nominal GDP growth decelerated from 6% to 3.8%. CPI fell below 2%. Earnings growth went from +20% to negative. Fed panicked, cut rates 3 times. QE4 launched. Treasury yields collapsed from 3% to 1.5% & inverted on recession fears. Liquidity crisis
Stock market up 30%
— GreekFire23 (@GreekFire23) December 31, 2019
White House advisers give Dow targets now? t.co/O9MhS57wWl
— Hipster (@Hipster_Trader) December 31, 2019