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Goldman Confirms Global Economy Enters 4th Month Of Contraction
While global equity markets hover near record-er highs, global GDP growth expectations have erased their February dead cat bounce hopes and tumbled back towards cycle lows. This is all confirmed by the latest data from Goldman Sachs whose Global Leading Indicator remains mired in "contraction" for the 4th month in a row...
The death cross... deathier crosses...
Confirmed by 4 months in a row of "contraction" in the global economy based on
Headline down, Momentum down
The March Final GLI came in at 1.2%yoy, down relative to the February reading. Momentum came in at -0.10%mom, down slightly from last month’s (now-revised) reading of -0.09%mom. We currently estimate that since December, GLI growth has been negative and in decline, which defines the ‘Contraction’ phase.
March Components Mixed
Six of the ten underlying components of the GLI deteriorated in March. Global PMI and the AUD & CAD TWI aggregate came in softer for a fifth consecutive month. Korean exports and the Japan Inventory/Sales Ratio also worsened this month, and Global New Orders Less Inventories and the S&P GSCI Industrial Metals Index® also came in softer in March, continuing declines since December. On the positive side, US Initial Jobless Claims, the Consumer Confidence Aggregate, the volatile Baltic Dry Index and the Belgian and Netherlands Manufacturing Survey all bounced back in March after worsening in February.
Charts: Goldman and Bloomberg
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Fuck Goldman [& Bloomberg]... You fucking fucks are the PROBLEM... NOT the solution...
And the CBs already have the printers on max and interest rates zero bound, providing them exactly zero room to accomodate further, except for going full retard.
This is going to end well.
It won't end well if you're goy... BY PLAN
Oh goodie goodie goodie, another incomprehensible Swirl-O-Gram. Must be bad news. Takes a moment to figure out WTF's going on. Short attention span. Back to the Brittney Spears crazy 5150 charge and oh, poor poor Kim Kardashian's dad now thought to have disposed of OJ's murder weapon. And Faith Hill and Tim McGraw getting divorced. Boehner was right, the world is burning. I sure hope Fred Willard quits jacking off in theaters. World's going to hell.
That's exactly why the GOY have no chance...
As it turns out, There's actually a difference between being SMART, & NOT STUPID...
Highly Unintelligent, Slightly Retarded, Gifted.
It is SO funny to ponder what happened to 4plus trillion in QE-zirp-tarp- and see charts like the above...hmmmmmm...mystery solved
Looks like we are about to enter the recovery according to the chart. Fed wins
Sure it is. The economy is a surplus energy equation. That's declining and spells contraction. Bad policy just exacerbates the situation.
Another "captain obvious" bankster looking for vindication article.
Greek fire - Wikipedia, the free encyclopedia
What boggles my mind is that I keep reading stories from industry publications claiming that companies in my sector keep beating estimates and keep increasing sales. Yet on the ground this just isn't possible.
I also read a story that mall occupancy rates are at a twenty year high, which again makes no sense because even the high end malls by me are having stores close left and right.
I guess if the mall counts empty stores as display cases by putting advertisements in the windows, the space is no longer empty and just counted as square footage like hallways and bathrooms.
Easy to do. If your mall has 200 storefronts, but you only list 120 as occupiable and have 118 filled, bam 98% occupied.
The lies are so blatant that only the most diehard lemming still believe the narrative.
The cruel part is this just the middle of the end....
It's just the starting point. That's the real cruel part!
Yes, but measured in gold it would look different...