Goldman Admits 'Global Economic Momentum' At Lowest In 2 Years
Content adapted from this Zerohedge.com article :Source
The global economy is weakening according to Goldman Sachs. Seven of the ten indicators in the Goldman Sachs' Global Leading Indicator (GLI) weakened in February. It went from 3.56% to 3.46%.
MoM growth also showed a decrease to a level not seen since March 2016. This went from .249% to .234%.
The only component that showed a meaningful improvement was US initial claims, which fell to a 49-year low today.
The largest declines came in the Japan IP inventory/sales ratio and the aggregate of the Australian and Canadian Dollar trade-weighted indices, both of which softened by roughly one standard deviation.
The global new orders less inventories component and Korean exports also worsened, with relatively minor moves in rest of the components.
China appears to be leading the way, causing the major economies of the world to start pulling back.
Non-adapted content found at zerohedge.com: Source
The macro surprise index is really bad , i don't know where the globe economy is heading but am sure with all those bubbles stimulating the economy we are down a slippery slope ,we may not get to the of there year before we see a market crush.
One of the reasons affecting the US economy and the rest of the world, is falling productivity and productivity growth is one of the main reasons GDP growth is slowing all over the 🌎. Global GDP growth and productivity growth have a strong correlation, as a matter of fact they move in the same direction at the same time and it’s declining. Along with other issues we are heading the wrong direction. On the other hand It seems like the elites want to collapse the economy, but this is another subject for another time.
Sucks for the world, record low unemployment claims in the US will be good for wages here.
Those concerns are valid. Having said that, I'll caution that currency devaluation results from Depressions too.
So, to the extent one can, it's wise to invest some portion of one's savings in assets capable of meeting their short-term needs until the national economy is restored. A good example would be land capable of providing a living space and source of food.
Those living in large cities are for the most part going to be screwed. If one owns a building capable of serving as a soup kitchen or housing for others, that may provide a source of income and food to those living in cities.
Enjoyed your economy market analysis. Good overall discussion of chart volume for any investment. Good signals usually occur whenever you get divergence... (price down/volume up). Also thanks for the share tip. Have it bookmarked now.
The entire global financial system was within hours of collapsing. We arent just talking about hedge funds and US banks that played around and fucked up, we are talking about pretty much every major bank in the world, whether they did anything wrong or not. This would mean literally hundreds of million to a billion people having their entire savings wiped out.
According to economic theory, derived empirically, the economic crisis repeats itself every 11 years. The last crisis was in 2008. Unfortunately, until 2019 there is not much left.
Thanks for sharing this @zer0hedge
Nice job @zer0hedge, this information is important for beginners, i need the others Parts... :D
haha i though crypto price depend on demand and supply but now i think it depend on ..triangle, downline,upline ,waves...lol
