US crude #oil inventory report was quite bearish, with biggest weekly stockpile increase since early 2017@EIAgov @Investingcom @SoberLook pic.twitter.com/T8TShDeJSs
— Liz Ann Sonders (@LizAnnSonders) November 17, 2018
Home builders dropping prices #JohnBurnsRealEstateConsulting @SoberLook pic.twitter.com/HTxyS1vyHX
— Liz Ann Sonders (@LizAnnSonders) November 16, 2018
Things that make you go hmmm … falling demand for residential mortgages … except subprime@federalreserve @SoberLook pic.twitter.com/s0ygX00dfB
— Liz Ann Sonders (@LizAnnSonders) November 15, 2018
This year, stock market investors are favoring companies with strong balance sheets…credit investors, on the other hand, have done just the opposite@goldman @SoberLook pic.twitter.com/KfBnNuxDGm
— Liz Ann Sonders (@LizAnnSonders) November 17, 2018
Goldman Sachs believes the US economy will slow to a crawl next year
- Goldman predicts 2.5 percent and 2.2 percent growth in the first two quarters of 2019, respectively, but then just 1.8 percent and 1.6 percent real GDP growth in the final two quarters.
- “We expect tighter financial conditions and a fading fiscal stimulus to be the key drivers of the deceleration,” wrote the bank’s chief economist, Jan Hatzius.
- But Goldman believes the U.S. will skirt a recession next year.
Goldman Sachs believes the U.S. economy will slow significantly in the second half of next year as the Federal Reserve continues to raise interest rates and the effects of the tax cut fade.
“Growth is likely to slow significantly next year, from a recent pace of 3.5 percent-plus to roughly our 1.75 percent estimate of potential by end-2019,” wrote Jan Hatzius, chief economist for the investment bank, in a note to clients on Sunday. “We expect tighter financial conditions and a fading fiscal stimulus to be the key drivers of the deceleration.”