If we're reaching debt-saturation level (QE not working) all business consumer indexes will "drop dramatically" according to the economy cycle playbook, same as consumer spendings => that's forcing unemployment to raise up in a parabolic advance up. pic.twitter.com/BObwTbDPks
— GregTheAnalyst (@Analyst_G) February 21, 2019
FED: No rate hikes, no balance sheet reduction, possible QE
ECB: additional QE
BOJ: more QE coming
China: over $1 trillion injected in 2 monthsAfter all, SPX was unable to reach Dec high.
GTFO
— xTrends (@xtrends) February 21, 2019
JPMorgan Cuts US Q1 2019 GDP Growth Estimate Again, Now Down to Just 1.5%
“Durable goods orders rose less than forecast in December with core capital orders posting a surprise drop.”
Fed Pivot and ECRI Leading Indexes
Lakshman Achuthan on CNBC’s Closing Bell to discuss ECRI’s public outlook, including:
– Bullard’s recognition of the U.S. slowdown is in line with ECRI’s earlier slowdown call
– The Fed’s U-turn doesn’t inoculate the economy against recession
– The elephant in the room remains the U.S. cyclical slowdown
– Comments on ECRI’s Chinese Leading Indexes
Economy is slowing hard. Buckle up.
— GreekFire23 (@GreekFire23) February 21, 2019
Uh-oh! #Japan's Manufacturing #PMI falls to 48.5, the lowest level since June 2016. pic.twitter.com/LpePAAuwUc
— jeroen blokland (@jsblokland) February 21, 2019
— Alastair Williamson (@StockBoardAsset) February 21, 2019
Germany IFO Business Climate (98.5 vs 98.9 ), Expectations (93.8 vs 94.3)& Current Assesment (103.4 vs 103.9) all fell from previous month of Feb and were worse than consensus (in bracket). It would indicate the forthcoming PMI is likely to fall pic.twitter.com/oa34eJLv5a
— Real Vision Research (@RVAnalysis) February 22, 2019