Companies are significantly shrinking hiring plans as profits fall.
Last resort to boost earnings?
Deteriorating fundamentals continue to signal a downturn in the business cycle.
This is all pre coronavirus epidemic. pic.twitter.com/1E8ij9Lp0k
— Otavio (Tavi) Costa (@TaviCosta) February 11, 2020
"The two-month drop was so bad that a statistical flaw might have skewed the data, such as some seasonal adjustments gone berserk. But, as we will see, the non-seasonally adjusted data looks even worse. And it's not just one month" 👇 t.co/0H5EbNxgL7 pic.twitter.com/l8cBT3Rm4k
— Invariant Perspective (@InvariantPersp1) February 11, 2020
Does this look like a ‘blue collar boom’ to you? pic.twitter.com/Au2gzjftnc
— David Rosenberg (@EconguyRosie) February 11, 2020
It means the economy is booming pic.twitter.com/TEDchtUyRx
— The Insider Trader (@AlessioUrban) February 11, 2020