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via MarketWatch It is a case that would make Sherlock Holmes proud. Growth in the first quarter smashed expectations, fueled in part by strong inventory building. According to the government, … Read more
This was a low-quality GDP report. All one-offs – lower imports, higher inventories & Pentagon spending. Real final private sales a puny 1.3%. Removing more lipstick from this pig shows … Read more
by WARREN MOSLER Not looking good: German Factory Activity Continues to Contract in April The IHS Markit Germany Manufacturing PMI rose to 44.5 in April 2019 from the previous month’s … Read more
via upfina: The stock market is at a very interesting juncture because its rally has been impenetrable despite the global economic slowdown. The 20% decline late last year probably wasn’t warranted … Read more
by WARREN MOSLER Japan downgrades industrial outlook for first time in 40 months (Nikkei) The Japanese government on Thursday downgraded its monthly assessment of industrial output for the first time … Read more
by WARREN MOSLER Propped up by autos, as the rest continues weak, and autos aren’t looking so good longer term either: Highlights In a slight reversal of expectations, retail sales … Read more