The slowdown is broadening, the second half 2019 recovery was a lie by Wall Street

US Industrial Production Shrinks YoY For First Time Since Trump Elected

…US manufacturing output contracted 0.5% MoM in September (worse than the 0.3% decline expected), likely depressed by an autoworkers’ strike at GM, sluggish global demand, and the trade war.

Housing Starts, Permits Plunge In September

The report reflects some cooling as starts pull back from the best pace since 2007 the prior month.

The World Is Slowing Like in 2008, but Without the Collective Response

India’s Finance Minister warned about a repeat of the 2008 financial crisis in the face of a global economic slowdown, saying that governments had yet to find a synchronized “planned” response to a pullback in major economies.

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