We’ve seen plenty of conflicting data in recent weeks as we
begin to see some weakness in the economy (right on time again!). In his latest note David Rosenberg highlights
12 indications that the economy is weaker than you think:
Household employment (-206k in March, the steepest decline
in well over a year).
Real retail sales (-0.3% in March, down for the second time
in three months).
Manufacturing production (-0.1% and also down in two of the
past three months).
Core capex orders (-3.2% in February, and again, down in two
of the past three months).
Single-family housing starts (-4.8% in March and negative
for two of the past three months as well.
No comments:
Post a Comment