DEUTSCHE: “world trade volumes about to decline significantly for the first time since the financial crisis”… only three PMI’s in the world that are above 50

DEUTSCHE: “world trade volumes about to decline significantly for the first time since the financial crisis”$FDX pic.twitter.com/fPt2gpe4AL

— Carl Quintanilla (@carlquintanilla) July 29, 2019

There are only three PMI's in the world that are above 50 – India, Brazil and the US. All three are decelerating too. A reading blow 47 usually signals recession. All PMI's are falling very fast currently. A global recession is just a few months away. pic.twitter.com/TFzqCGG654

— Raoul Pal (@RaoulGMI) July 28, 2019

And here is global GDP… pic.twitter.com/XUBNEMvlVC

— Raoul Pal (@RaoulGMI) July 28, 2019

https://twitter.com/NorthmanTrader/status/1155791530424197120

Former Fed Chair Janet Yellen Says She’s in Favor of an Interest Rate Cut

Former Federal Reserve Chair Janet Yellen said she supports a 25-basis-point cut in the central bank’s benchmark interest rate due to a weaker global economy and low inflation in the United States.

Leading Indicator Of Home-Remodeling Activity Warns Big Drop Coming https://t.co/N3l6UKs10v

— zerohedge (@zerohedge) July 29, 2019

Commercial real estate loan growth continues to decelerate further, now increasing less than 4% Y/Y. https://t.co/dONgq69SCi pic.twitter.com/3mGzyYknRY

— Eric Basmajian (@EPBResearch) July 29, 2019