JPM Card Spending in a major decelerating trend since peaking in 2Q17. The “Strong Consumer” isn’t accelerating in 3Q19.

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US retail sales unexpectedly decline in sign consumer economy could be cracking

The Commerce Department said on Wednesday retail sales dropped 0.3% last month as households cut back spending on motor vehicles, building materials, hobbies, and online purchases. That was the first and biggest drop since February.

JPMorgan Chase CEO Jamie Dimon warns ‘there’s a recession ahead’

JPMorgan Chase CEO Jamie Dimon warned on Tuesday that a recession is on the horizon thanks to the continuing trade tensions with China.

“Of course there’s a recession ahead,” Dimon said during a morning call with reporters after the bank announced its third-quarter earnings.

“It does look like geopolitics, particularly around China and trade, are reducing business confidence and business capital expenditure,” Dimon added.

IMF says global economy to grow at slowest pace since 2008 financial crisis

There’s a 50% chance recession will hit in 2020, economist says

‘The New Normal’: No Fix to the Trade War, Says Bank of America Chart

Credit Suisse Warns That U.S. Store Closings May Worsen in 2020


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