Global PMIs weakened again in April (still above 50) pic.twitter.com/nZYLwvcY23
— Daniel Lacalle (@dlacalle_IA) May 3, 2019
Global trade volumes down for 2 consecutive Qs now (worst since GFC)@nationalbank pic.twitter.com/1z5SIjVLwI
— Liz Ann Sonders (@LizAnnSonders) May 3, 2019
Australia Building Permits YoY -27.3% previous -12.5%
MoM -15.5%
AUD testing critical support #ThinkTank pic.twitter.com/zZKHHcdgBm— Real Vision Research (@RVAnalysis) May 3, 2019
China: It’s That the Stimulus Doesn’t Work
It’s not between boosting the economy and deleveraging. It’s between current efforts and much worse.