Despite talk of a global uptick, the indicators on global trade all point down. @markets via @SoberLook pic.twitter.com/TVwemuAA9w
— Adam Tooze (@adam_tooze) December 1, 2019
One can only anticipate a reversal in these forward looking trends to justify the “green shoots” & “ global reflation trade” memes. Today’s ISM backlogs weakening corroborated Morgan Stanley data while Chinese data suggest otherwise. Hmmm. @SoberLook @Quillintel pic.twitter.com/k3NhRddv7W
— Danielle DiMartino Booth (@DiMartinoBooth) December 2, 2019
uh oh mfg recession spreading into employment – meaning the consumer is about to drop — broader slowdown — then open economy up to shocks and that's when a recession can strike (the shocks likely corporate debt) https://t.co/Uv7EkChq4U
— Alastair Williamson (@StockBoardAsset) December 4, 2019
Nov South Korea exports slammed unexpectedly due to reliance on China where exports fell 12.2% & semis, w/exports sinking 31% y/o/y. This coupled w/Australia miss on its mfg PMI suggest caution with regards to Chinese official data warranted @SoberLook @Quillintel pic.twitter.com/hamnTMGom3
— Danielle DiMartino Booth (@DiMartinoBooth) December 2, 2019
This global green shoot as undeniable as they come. Will 2020 see a sustainable and durable global growth recovery? @SoberLook @Quillintel #ResearchRevolution pic.twitter.com/w7FpLIPFFh
— Danielle DiMartino Booth (@DiMartinoBooth) November 26, 2019
wow the employment slowdown is very real ahead of an election year. time for qe 4,5,6,7,8,9 https://t.co/e6ehYayBL9
— Alastair Williamson (@StockBoardAsset) December 4, 2019
Next Year Will Be Hard on the Housing Market, Especially in Big Cities
Prices will fall in a quarter of the 100 largest metropolitan markets, including Chicago, Dallas, Las Vegas, Miami and San Francisco.