The private sector tends to be pro cyclical- tightening as the economy slows, thereby making it worse
by WARREN MOSLER The private sector tends to be pro cyclical- tightening as the economy slows, thereby making it worse:
slows
Restaurant Debt Braces for a Record as Industry Growth Slows
The restaurant industry is bracing for a reckoning as a record tide of debt threatens to choke franchisees of major chains like Pizza Hut and Burger King. Like other industries, … Read more
China Unexpectedly Injects $28 Billion of Cash as Growth Slows
finance.yahoo.com/news/china-unexpectedly-injects-28-billion-025349902.html (Bloomberg) — China caught traders off-guard with a surprise injection into the financial system via loans to banks, ahead of data on Friday which is expected to show a … Read more
Services Gauge Drops to Three-Year Low as Hiring Slows… Optimism about economy slides…
U.S. Services Gauge Drops to Three-Year Low as Hiring Slows (Bloomberg) — Explore what’s moving the global economy in the new season of the Stephanomics podcast. Subscribe via Pocket Cast … Read more
OCTOBER SPOOKS STOCKS… Hiring slows… Manhattan housing prices in near ‘free fall’… Ag Secretary: No guarantee small farms will survive…
Dow plunges 550 points as big tech shares lead the decline Stocks fell sharply on Wednesday, adding to Wall Street’s poor start to the final quarter of 2019 as investors … Read more
HIRING SLOWS IN AUGUST… WORSE WITHOUT CENSUS WORKERS
US hiring slow but steady amid trade war and global weakness WASHINGTON (AP) — U.S. employers added a modest 130,000 jobs in August, a sign that hiring has slowed but … Read more
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
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