Economic slowdown confirmed: evidence here

05.04.2019 / 08:07

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Economic data just continues to worsen and deteriorate, and at this point it becomes very clear that there is an economic slowdown. In fact, even the Federal Reserve chairman uses the term "delay" to describe what is happening. Of course, many still hope that the US economy can withdraw from this downturn and avoid the crippling recession that we experienced in 2008. Unfortunately, this can be very difficult because the whole world economy is slowing right now . Our world is more interconnected than ever and what is happening on one side of the planet will invariably affect the other side of the planet. Some parts of the globe are already bogged down in deep economic problems and the US seems to follow the same path.

There are 14 worrying reasons why we believe this is a fact:

1. Unemployment claims grow at their fastest rate over the past 10 years

2. US enterprises add new jobs at their slowest pace in the last 18 months.

3. General Motors, Ford, Nissan and Fiat Chrysler reported a decline in sales of at least 5% y / y in March.

4. Supplies of Tesla vehicles fell by 31% during Q1 2019

5. US consumer confidence fell by more than 7% in March

6. Real estate sales in Manhattan fell for sixth consecutive quarter.

7. The same in London fell to levels most recently seen 10 years ago

8. The owners of Kay, Zales and Jared announced that they will close more than 150 stores.

9. Shorts in retail business have jumped 92% compared to the same period last year

10. At that time, almost half of all tenants in America spend more than 30% of their rental income.

11. The real average net profit for farmers in Minnesota was only $ 26,055 in 2018 and it was before many were completely devastated by the last floods.

12. Overall, US economic data made its worst start of the year since 2008.

Trader Aleksandar Kumanov

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Economic slowdown confirmed: evidence here

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