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The world’s largest contributors to growth are:1. China2. India3. US China has been limping. Now India is too. US growth is slowing. Unlike recent past recessions, this won’t be a … Read more
Fed: easingECB: easingBOE: easingBOJ: easingDenmark: easingAustralia: easingBrazil: easingRussia: easingIndia: easingChina: easingHong Kong: easingKorea: easingIndonesia: easingSouth Africa: easingTurkey: easingMexico: easingPhilippines: easingThailand: easing pic.twitter.com/YZ9WxjpeIE — Charlie Bilello (@charliebilello) October 25, 2019 Latest … Read more
Growth is slowing. See green line. For $1.5t cost re 2018 Tax Cut for corporations, slowdown was delayed by one quarter. Note: Q3 estimate is now 1.8%, up from 1,3% … Read more
In this cycle, consumer sentiment surveys have significantly overpredicted the US consumer spending growth. The chart below plots real PCE growth vs the Michigan consumer sentiment survey. The gap with … Read more
by Lance Roberts After the monthly jobs report was released last week, I saw numerous people jumping on the unemployment rate as a measure of success, and in this particular … Read more
Each passing week is bringing more evidence that the pessimists are right about the underlying momentum of the global economy. The threat of a prolonged dislocation of international commerce from … Read more
From the article- NASA bombshell: Earth’s rotation is slowing – and it could cause major earthquakes Earth’s rotation is slowing as our planet uses energy to keep the tidal bulge … Read more
Dow Industrials on Pace to Notch Record High The Dow Jones Industrial Average rose a fourth straight session, pushing the blue-chip index above its record closing level in intraday trading … Read more
Why cut rates if everything is fantastic? There’s a huge divide in between reality and fiction. Oddly, people don’t act like it. They live in a perpetual state of fear, … Read more
via CNBC: The Federal Open Market Committee voted 9-1 to keep the benchmark rate in a target range of 2.25% to 2.5%. The action sets up a possible confrontation between … Read more
by FS With trade tensions escalating and a global slowdown underway, many are left wondering if recession is near. Financial Sense Insider spoke with Jim O’Sullivan, chief economist at High Frequency … Read more
by John Rubino A few short weeks ago, the economy seemed to be growing, the trade war looked winnable and the Mueller Report appeared to take presidential impeachment off the … Read more
By Harry Dent Didn’t expect that! Mexico first had a worrying growth hiccup in the second quarter of 2018. Now its slowdown is looking real. Italy fell into an official recession … Read more
Markets needed it b/c the USD is important (see thread why) & because of this: a) Global growth 📉 (we got EU May flashes today 🤗) b) Asian growth not … Read more
via axios: Data: Trading Economics and U.S. Dept. of Commerce; Chart: Axios Visuals Even before President Trump heated up the trade war again, consumers in both the U.S. and China were slowing down their … Read more