This is not the sign of a healthy global economy, it's a sign of over indebtedness and stagnation pic.twitter.com/2CeA1EU9Es
— M/I_Investments (@MI_Investments) February 28, 2019
More China gloom & doom data: #China February factory activity shrinks to 3y low, export orders worst in a decade. https://t.co/paSe6PGrXP pic.twitter.com/Fbfvmy0GBC
— Holger Zschaepitz (@Schuldensuehner) February 28, 2019
I can hear it — 'where's the recession?' Yet we had identical GDP growth rates in both Q4 2000 and Q4 2006 and the downturns started the very next quarter!
— David Rosenberg (@EconguyRosie) February 28, 2019
The big surprise in the GDP report was capex — the consumer was below expected and housing & non-res construction slumped. We know capex will be negative for Q1 so a current quarter GDP tally of 1-something looks to be in the cards.
— David Rosenberg (@EconguyRosie) February 28, 2019