by BoatSurfer600
- Retail sales fell by 5.9% in November from a year ago, worse than expectations for a decline of 3.7%, according to analysts polled by Reuters.
- Industrial production grew by 2.2% in November from a year ago, missing Reuters’ forecast for a 3.6% increase.
- A day before the data release, China’s National Bureau of Statistics canceled its in-person press conference set for Thursday without explanation.
Source: CNBC
- Bank of England has imposed a ninth successive interest rate increase today
- Rise will heap more pain on families and comes despite signs inflation is easing
- Mortgage costs will rise for millions of people as Bank battles surging prices
S&P Global sees $2.1 trillion in credit losses across 83 banking systems in 2022-24. China's commercial banks will account for about half. That's because the industry is huge: in terms of customer loans, it's like adding up the US, UK, Japan, and Germanyt.co/3aLLyETjPu pic.twitter.com/O0MmJkxw16
— Sofia Horta e Costa (@SofiaHCBBG) December 14, 2022
Global recession is coming. Single most important indicator is the oil price, which has fallen despite an OPEC+ production cut in early October, the G7 price cap this month and now China COVID reopening. The fact that prices are down despite all this says demand is super weak… pic.twitter.com/plxLFvhLcS
— Robin Brooks (@RobinBrooksIIF) December 15, 2022
Global recession in Garment industries due to inflation and reduction in demand in USA and Europe. Pakistan is also facing.
Bangladesh's readymade garment sector experience
negative growth of 20% in October as exports continue to wane in
demand due to global challenges. pic.twitter.com/pq6VCMn9yS— Adil Gilani Syed (@SyedAdilGilani) December 15, 2022
*US retail sales dropped their most in a year – sharply missing expectations
The overalls value of purchases fell -0.6% in Nov. – and 9-of-13 categories fell, including autos and furniture
The neg. lag effects finally catching up IMO@wabuffo @realDillonEvans @FieldofHistory pic.twitter.com/8HwjpbpFzf
— Adem Tumerkan (@RadicalAdem) December 15, 2022
if the market doesn't find support and breaks 3900.. the second one is 3800
i don't create these levels, a quant with a computer formula is calculating them, automated obviously. pic.twitter.com/gcGmgEc9hY
— 🅰🅻🅴🆂🆂🅸🅾 (@AlessioUrban) December 15, 2022
IQ test for bulls: is this rate hikes or is it global meltdown?
A: It's rate hikes leading to global meltdown. pic.twitter.com/S4aZpFIvVJ
— Mac10 (@SuburbanDrone) December 15, 2022
Taxpayers, get ready to ante up for the next Wall Street bailout once the implosion of Housing Bubble 2.0 takes down the financial system – again. Heckova job, “Zimbabwe Ben” Bernanke, Yellen the Felon, & BlackRock Jay!