This is not a signal of global reflation, or synchronised growth, but the evidence of secular stagnation caused by constant demand-side policies.

This is not a signal of global reflation, or synchronised growth, but the evidence of secular stagnation caused by constant demand-side policies. pic.twitter.com/nhcBfnrCED

— Daniel Lacalle (@dlacalle_IA) September 17, 2018

terrible miss NY FED MFG — US SLOW DOWN COMING? pic.twitter.com/AF0ZGq3GIu

— Alastair Williamson (@StockBoardAsset) September 17, 2018

US DATA DUMP pic.twitter.com/TACYmqZZia

— Alastair Williamson (@StockBoardAsset) September 17, 2018