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US manufacturing survey shows worst reading in a decade The ISM U.S. manufacturing Purchasing Managers’ Index plunged to 47.8% in September, the lowest since June 2009. This marks the second … Read more
www.cnbc.com/2019/09/19/home-flippers-see-lowest-returns-in-8-years-as-costs-rise.html The average gross profit on a flip was $62,700, which translated into a 39.9% return on investment, after renovation and carrying costs. That is down from a 40.9% gross … Read more
Authored by Megan Brenan of Gallup 49% in U.S. think a recession is at least fairly likely in the next year Economic Confidence Index +17 in September, down from +24 in … Read more
fred.stlouisfed.org/series/LNS14000006
History is made on the bond markets: The 2020s will begin with the lowest interest rates in 5000 years, BofAML says. pic.twitter.com/ma8VA5K3eq — Holger Zschaepitz (@Schuldensuehner) September 4, 2019 And … Read more
Every time we raise tariffs on China, Chinese Yuan devalues making their exports cheaper, hence cancelling the effect. At the same time US exports are double tariffed – from the … Read more
Wolf Richter wolfstreet.com, www.amazon.com/author/wolfrichter Order backlog still feeds truck makers, but they don’t disclose for how long. Orders for Class 8 trucks – the iconic trucks that haul part of … Read more
via @PPGbites: via @The92ers: The market looks quite similar to March ’00 & the Fed also finds itself in the same position. The market’s valuation is greatly stretched & … Read more
via mises: Money supply growth fell in June, falling back near March’s growth level, which was at a 12-year (145-month) low. June growth rate was higher than only two other months … Read more
by howmuch 2018 in general was not a great year for stocks, with the S&P 500 down 6.2%. However, the CEO compensation of S&P CEOs continued to rise, reaching a median … Read more
by SpontaneousDisorder Sources: twitter.com/lisaabramowicz1/status/1145978810615173120 www.google.com/search?q=greece+debt+to+gdp Spike on the left is euro crisis. Debt to GDP high as ever yet investors treating greek debt like its safe as houses.
via Zerohedge: One trading day after we reported that China was “Hit By “Significant Banking Stress” as SHIBOR tumbled to recession levels, and less than a week after we warned that China’s interbank … Read more
Your Life is About to Change Are World Events Adding Up NASA comes out with a shocking announcement that starting in 2020 we will experience the lowest solar activity in … Read more
by Michael Snyder If the U.S. economy was heading into a recession, we would expect to see a slowdown in the employment numbers, and that is precisely what is happening. … Read more
“May saw US manufacturers endure the toughest month in nearly ten years, with the headline PMI down to its lowest since the height of the global financial crisis. New orders are … Read more
