Global recession fears mount as manufacturing PMIs around the world confirm contraction:
All below 50.0
China, Spain stagnating and on the cusp of contracting
— Jamie McGeever (@ReutersJamie) June 3, 2019
Two Likely End-Of-Cycle Signals.
Copper and the Bund yield. None point to the "robust growth" and "recovery" so many international bodies mention. pic.twitter.com/zKb8FScgRP
— Daniel Lacalle (@dlacalle_IA) June 2, 2019
try and squeeze this image in between two empty brain cells and wait for the reaction… wait for it……
— Ozard of Wiz (@4ever_covfefe) June 2, 2019
— M/I_Investments (@MI_Investments) June 3, 2019
— Teddy Vallee (@TeddyVallee) June 2, 2019
US ISM PMI pic.twitter.com/7hjdp066Ot
— Eric Basmajian (@EPBResearch) June 3, 2019
🇺🇸ISM lower than expected. ISM Imports have been the best GDP indicator in the ISM survey over the last 20 years and is at levels consistent w near 0% growth. Also, my leading v lagging Philly indicator points to much more ISM downside the coming 6 months. pic.twitter.com/L9hCyF7s71
— Mikael Sarwe (@MikaelSarwe) June 3, 2019
CNBC’s Steve Liesman reports on new warnings from experts that call for a high risk of a recession by the end of 2020 and increased chances for multiple interest rate cuts from the Federal Reserve.