If history repeats itself, we are already in a #bearmarket with a US #recession in 2020 and SPX @3200-3300 in 2024. More in my article here: t.co/bwwqEQzxZB @PictetAM pic.twitter.com/EJc2GLzN5H
— Luca Paolini (@luca_paolini) September 5, 2019
Global #manufacturing is contracting, but can the service sector prevent a more serious downturn? t.co/o2uVsr1pj5 @darioperkins pic.twitter.com/9tKTCcd5Xn
— TS Lombard (@TS_Lombard) September 5, 2019
MORGAN STANLEY: “Weaker income growth has been accompanied by a significant slowdown in net job creation which is another step companies take to reduce labor cost before doing layoffs (Exhibit 5).” pic.twitter.com/hWFEvPQ1e5
— Carl Quintanilla (@carlquintanilla) September 4, 2019
"The danger is great that negative growth will also be recorded in the third quarter," Gitzel added. pic.twitter.com/9q9uRkc075
— Alastair Williamson (@StockBoardAsset) September 5, 2019
Double Shock of Global Recession May Be More Than Europe Can Withstand
The eurozone faces a category five economic storm. It is structurally defenceless as the world slides into recession. This will not be an ordinary downturn because central banks no longer have the instruments to fight it.
Greenspan says the Fed does great analysis on the economy. This is a good time to remind everyone of his interview from 7 years ago. pic.twitter.com/UmUKOJGy0S
— GreekFire23 (@GreekFire23) September 4, 2019