Job Losses Hit As Shale Slows Down
By Nick Cunningham Halliburton is cutting its workforce and shelving fracking equipment amid a slowdown in the U.S. shale industry. The oilfield services giant said that its revenue fell 13 … Read more
slows
Possible Recession Looms as Economic Growth Slows Around the World
via Yahoo: NEW YORK (AP) — One of the most closely watched predictors of a potential recession just yelped even louder. The signal lies within the bond market, through which … Read more
The UK see higher real and nominal GDP growth as house price growth slows
by Shaun Richards Today has already brought some good economic news for the UK so let us get straight to it. From the chief economist of the Nationwide Building Society. … Read more
China in a nutshell – Debts mount, their settlement slows – cash flow dwindles, balance sheets expand. Narrow money badly lags broader aggregates.
via @CantillonCH: China’s Banks Have a Hidden Wave of Bad Debt Factor in the amount of soured loans they stripped from their balance sheets last year, and the situation looks a … Read more
Always the Same Solution: China Proposes More Debt as Growth Slows
via Yahoo: (Bloomberg) — China’s Finance Ministry is set to propose a small increase in the targeted budget deficit for this year as officials seek to balance support for the … Read more
China’s Economy Slows Sharply… Worse, Worse, Worst: Japan Slashes Growth Estimates Yet Again, This Time by 40%
China’s Economy Slows Sharply, in Challenge for Xi Jinping DONGGUAN, China — China’s consumers and businesses are losing confidence. Car sales have plunged. The housing market is stumbling. Some factories are letting … Read more
Payroll growth slows… Credit-card delinquencies on rise… Trade gap widens to 10-year high
Payroll growth slows in November as labor market tightens Private payrolls grew by 179,000 in November, below Wall Street estimates of 195,000, according to ADP and Moody’s Analytics. The service … Read more
Jim Rickards: As Growth Slows Down, The Fed Will Be The Last To Know
by Jim Rickards of Daily Reckoning You are well aware that the Federal Reserve is raising interest rates. This policy started in December 2015 with Janet Yellen’s “liftoff” from zero and has continued … Read more
With homebuilding stocks down 40%, investors hope Fed gets the message and slows rate hikes
via @JeffCoxCNBCcom As the stock market, and homebuilders in particular, experience difficulty, it could put pressure on the Fed to ease its pace of interest rate hikes. Homebuilder shares plunged 40 … Read more
September U.S. Auto Sales Expected To Collapse…. Housing Market Slows, as Rising Prices Outpace Wages
September U.S. Auto Sales Expected To Collapse. Jeremy Acevedo, Edmunds’ manager of industry analysis, stated: “Vehicle replacement demand following Hurricane Harvey bolstered auto sales last September, and Hurricane Florence has … Read more
August Report: Chinese Manufacturing Growth Slows to a 14-month Low…
by sundance When China announced the One-Road/One-Belt initiative (now banned from discussion in Beijing); in combination with a looming trade confrontation with President Trump; CTH pointed out that sketchy pandas’ bamboo economy was … Read more
Banks After Tax Cuts: Loan Growth Slows And 3,200 Jobs Disappear
via Ivan Levingston Banks were among the top beneficiaries when Republicans slashed corporate taxes in December to stoke the U.S. economy. So how are the nation’s largest financial institutions treating employees, … Read more
The Money Supply Slows Which Signals A Recession, Follow The Patterns
Malta is becoming a blockchain powerhouse, companies and exchanges are now setting up shop in Malta. Steve Wozniak compares blockchain to dot com bubble. US mortgage applications implode. First quarter … Read more
China’s Economic Growth Slows To Multi-Decade Lows Across Industrial, Infrastructure And Retail
via STEPHEN LETTS China’s economy appears to have hit a significant speed hump, with a number of key indicators across the industrial, construction and retail sectors slowing to either multi-year, multi-decade or … Read more
US consumer borrowing growth slows in April
Americans increased their borrowing in April at the slowest pace in seven months, dragged by a big slowdown in the category that covers auto and student loans. Consumer debt rose … Read more
Consumer Credit Slows – Will The Economy Slow Too?
via Steven Hansen Summary There are contrary indicators for growth of consumer credit. Current levels of consumer debt are at historical highs, whilst consumer debt payments are historically low (but are … Read more