Slowly, but surely, the US economy is decelerating.
Category: economy
China’s October PMI Data Disappoints, Underscoring Intractability Of Global Growth Slump
No “green shoots” for you.
‘Greatest Economy In US History’ Grows At Second-Slowest Pace In 15 Quarters
Thank God for the consumer.
Dour Prediction For German Exports Spoils Decent French GDP Read
“DIHK has not received such pessimistic replies since the crisis.”
‘Job Growth Has Throttled Way Back’: ADP Beats, But September Revised Lower
“If hiring weakens any further, unemployment will begin to rise”.
Barrage Of Crucial Data To Test Market Calm, Fed Message In New Week
Any plans on the part of the Fed to telegraph a pause could be derailed immediately.
‘It’s The Private Sector, Stupid’: Trump May Have A Ricardian Equivalence Problem
One wonders if legendary “economists” Stephen Moore and Larry Kudlow anticipated this.
Beijing Is Prepared For Slower Chinese Growth And Rising Defaults. But Is Everyone Else?
…a maddeningly slow drip of stimulus.
New Week Starts With More Dour Data As South Korea Exports Plunge Again
As expected, sadly.
‘Higher Bond Yields Without Better Growth Can Quickly Become Self-Defeating’, Goldman Warns
It’s still too early for a sustained rotation within and across assets.
Fear Of Global Recession Highest, Most Consensus Ever In New BofA Survey
As far as what the most bullish catalyst for risk assets would be, it’s not even close.
China’s Economy Decelerates Further As Growth Slows To 6%, Lowest In Decades
As expected, the engine of global growth and trade continues to decelerate.
‘Black Zero’ Gotta Go: Germany Slashes 2020 Growth Outlook Amid Heinous Factory Slump
When it comes to what can save the world…
Retail Sales Post First Drop Since February In Fresh Sign That MAGA Economy Is Decelerating
But hey, it should be fine.
‘Clown’ Who Presided Over Worst December For S&P Since Great Depression Says Democrats Will Crash Economy ‘Like 1929’
“…if any of those clowns became President!”
Another Day, Another Sign Of ‘Japanification’ In The US Economy…
Don’t chase down the rabbit hole – it will only make things worse.
IMF Issues Quarterly Doom And Gloom Report – Cuts Growth Outlook Again
“…a much more subdued pace of global activity could well materialize”.
$800 Billion In AUM Says It’s Too Late To Save The Global Economy
“…lasting damage has been done and policy action will too little, too late”.
The Macro Tourist Has A New Favorite Chart…
“True financial crises occur when something happens that no one believes can happen”.
15 Out Of 16: China’s Worst-Ever Car Market Slump Deepens
It’s hard to spin this story.
In Case Markets Needed More Good News, Here’s A Goldilocks Consumer Sentiment Report
“The impeachment inquiry has not had a significant negative impact”.
Jobs Report Has Goldilocks Feel, But Offers More Evidence Of Cooling Economy. All Eyes On Fed Implications
The US labor market averted a sharp slowdown in September and revisions added 38k to August’s headline.
Services Sector Catches Down To Factory Funk As ISM Non-Manufacturing Sinks To Trump-Era Low
Optimists will be disappointed.Â
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