Goldman's Swirlogram Confirms Economic Slowdown

Tyler Durden's picture

It would seem that the downswing into this economic slowdown has been considerably faster than many expected (as it always seems to be). Since we first introduced Goldman's Swirlogram indicator the business cycle (in May 2012), helped by the promise more and more liquidity, we have rotated remarkably from slowdown to contraction to recovery to expansion and now - in November - the leading indicators are pointing to a rapid shift into a slowdown phase. The Global Leading Indicator (GLI) is losing momentum fast and has made lower cycle highs each time since the 2009 'recovery' began. While Goldman caveats some of this with 'Sandy'-related impacts, the GLI seems to confirm what Global PMIs are hinting at - that global growth is slowing.


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BudFox2012's picture

The only swirl I see is our economy circling the drain...


cossack55's picture

Mon Dieu! But how can this be? There are still a couple of resources left on the planet that have not been wasted. Surely there is room for more growth.

Dalago's picture

Like the movement of a stripper: when she gets closer to the pole you know shes going down.

Kitler's picture

That is clearly the northern hemispheric chart.

In the southern hemisphere the toilet bowl circles counterclockwise as it flushes.

(Still not sure why Nov-6 wasn't the turd)

AldousHuxley's picture
Fed to Test Banks Based on Severe Recession


western elites try to contain china with global recession.

Keegan11's picture

Dalago - well played sir! That made me laugh out loud

onelight's picture

I think the Bosley hair care technology for growing-in bald spots may be helpful here..just a thought.

LongSoupLine's picture



My fuckyou-ogram says, "eat shit and die Goldman"

SecondComing's picture

Well, I see an economic gyre, spiraling towards an inevitable singularity.  An econo-gyre, one might call it.

Alhazred's picture

The only way to stop the flow is to stop the Federal Reserve and get back on a metal standard.

DjRonnieG's picture

I didn't realize there was a free-market writer named Thomas Sole. I've only know of a Thomas Sowell, a name that is not on the petition.

Mispelling a name on a petition will not help to advance the cause promoted by the petition.

Rathmullan's picture

somewhere somehow a muppet is getting set up for a face rip by one of the 70 new "patnuz"

Rathmullan's picture

swirlogram? Who makes that? Whammo or Popeil?

Jlmadyson's picture

Love me the swirlogram.

Love it!

HD's picture

I no chartist but that sure looks fibonacci to me...

ThirdWorldDude's picture



Singularity, bitchez!

bania's picture

apparently this swirls the other direction if you're in Australia

Moon Pie's picture

...envision whirled peas..

blunderdog's picture

The vertex in the middle of the chart is supposed to represent the drain, right?

Anyway, how are we supposed to profit from this?

Jonas Parker's picture

Show it to your girlfriend after a few drinks... then "panic sex"!

blunderdog's picture

I just looks like all problems will be solved when we finally hit the middle of the chart.  We'll be in expansion and contraction at the SAME TIME.  Sweet.

FrankDrakman's picture

Actually, if you're familiar with the concept of angular momentum, this is pretty interesting. Angular momentum is the product of mass x velocity x radius. Here, the mass is money supply, and the velocity is how fast we spend money. Despite massive increases in money supply, velocity is slowing even more rapidly so that angular momentum is decreasing. As we approach the origin, it will take even more massive amounts of money to make up for the dramatic fall in velocity (as everyone realizes AAPL isn't going to $5,000 but gold is) until, as velocity reaches zero, the money supply must become infinite!

Zimbabwe leads the way! Hyperinflation, bitchez!

blunderdog's picture

Yeah, at singularity, we'll all suffocate under massive piles of FRNs. 

Oh the humanity!

GreatUncle's picture

Lol and yep.

infinite money supply being QE to infinity and beyond.

For an orbiting satellite around a little crummy planet with gravity as the force of attraction "still pulling it in".

Suggests to me that the total value so far created may have slowed the rate of collapse but it is still a crash trajectory.



Mrmojorisin515's picture

my economy never sped up, though the prick has gotten more expensive

centerline's picture

Goldman gives us a swirlie?  Yeah.  That feels about right.

ziggy59's picture

Looks like a GS turd(no offense TF) about to go down a toilet

Madcow's picture

30+ years of steadily increaisng savagery and never-ending collapse.  

all becuase a handful of central bankers refuse to admit they were wrong.

Things that go bump's picture

I don't think we've seen anything yet.  

kralizec's picture

Where's the PPT with the net?  Rescue some floaters!

onelight's picture

Might be more like the doodie scare scene in Caddyshack..

e-man's picture

If that were a Rorschach blot, I'd say the snake is eating its tail (just like the economy).

Bunga Bunga's picture

...snake is eating its tail ... this is how a Ponzi scheme comes to an end.

TrumpXVI's picture

I got that.

All in one easy to understand chart!

slaughterer's picture

Isn't that the floorplan for the new JCP stores?

e-recep's picture

we had a dead cat bounce during the 2009-2011 period. i wonder whether the dead cat would bounce for a second time?

fonzannoon's picture

Get in there Kevin!!!! Nice Job Buddy!!!!!!!!!!!!!!!

e-man's picture

If anyone can do it, Kevin can!

kralizec's picture

1353, he's working hard to save his phony balony job!

gamera9's picture

See if we lived in the southern hemisphere things would be going great.

kralizec's picture

...or is that the bottom of the drain?

fonzannoon's picture

Big Day for Kev. Big day. If Kev can get apple over $530 and have gold down $20 he is my fkin hero.

ekm's picture

It's forced buying by primary dealers.


For anybody with wife and kids I recommend:

- 80%-90% cash

- 10-20% gold in the backyard, at least 3 ft deep. (I am not joking)

Think about going back to the stock market at S&P at 700 points. Go all in at S&P at 400 points.


fonzannoon's picture

EKM if the S&P gets close to 400 pts it will cease to exist. Equities and Bonds in all forms will be taken over and turned into a "private annuity" from Uncle Sam. The stock market will cease to exist.