"US companies will generate no earnings growth in 2020. Our reduced forecasts reflect the severe decline in Chinese economic activity in 1Q, lower end-demand for US exporters, supply chain disruption, a slowdown in US economic activity, and elevated uncertainty."
...while the media is crowing that “reflation is on the horizon,” the commodity complex is suggesting that whatever bump there was from the “trade deal,” is now over...
The outbreak of COVID-19 came at a particularly vulnerable point in the global business cycle... the risk of outright global recession in the first half of 2020 seems like a distinct possibility...
US home price growth accelerated for the 5th straight month in December (the latest Case-Shiller data), rising at 2.85% YoY - the fastest pace in almost a year...
...a wealth of infographics highlighting the various ways the European Union is declining: the rise China, the rise of euroskeptic populism, weak militaries, poor quality migrants, and weakness on R&D and tech.