Discover and read the best of Twitter Threads about #chinaslowing
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France 🇫🇷 July manufacturing PMI declined to 50 from 51.9 and so the EUR/USD fell immediate after. Services were shaken too, decelerating to 52.2 from 52.9 😬
My guess is that the decline of Chinese imports (remember my rant on China sheltering its economy using the current account as a first line of defense?) is showing up in France's stagnant new export business 👇🏻 
While we wait for German manufacturing (or lack of it), let's look at what happens when China uses its current account as a 1st line of defense?
a) Chinese imports decline (by -4% ytd in H1)
b) Countries that depend on Chinese imports see fewer orders! 😬
a) Chinese imports decline (by -4% ytd in H1)
b) Countries that depend on Chinese imports see fewer orders! 😬
#inflation #bonds $TLT
Charts from last night Australian time. Not updated for most recent ISM number.
1/
YoY% for average gasoline prices falling with the US 10 year yield YoY% and CPI YoY% following.
Charts from last night Australian time. Not updated for most recent ISM number.
1/
YoY% for average gasoline prices falling with the US 10 year yield YoY% and CPI YoY% following.
#USA #growthslowing
2/
US leading economic index YoY%, GS US financial conditions, and the St. @stlouisfed financial stress index all pointing to lower real gdp numbers for the US economy.
2/
US leading economic index YoY%, GS US financial conditions, and the St. @stlouisfed financial stress index all pointing to lower real gdp numbers for the US economy.
#USA #growthslowing
3/
If we advance GS financial conditions forward by 3 months it is likely that real GDP growth and leading economic indicators continue to track lower.
3/
If we advance GS financial conditions forward by 3 months it is likely that real GDP growth and leading economic indicators continue to track lower.
#demographics #militaries #economies #currencies
#USA
- Best demographics
- Largest military
- Largest economy
- Most used currency
- Liquid financial markets
- Open capital account
- Rule of law
- Best geography
- Can be self sufficient if required
- Not trade dependent
#USA
- Best demographics
- Largest military
- Largest economy
- Most used currency
- Liquid financial markets
- Open capital account
- Rule of law
- Best geography
- Can be self sufficient if required
- Not trade dependent
#USA
Top trade partners as of 30 June 2018:
- China: 15.2% (strategic competitor)
- Canada: 15.1%
- Mexico: 14.6%
- Japan: 5.1%
- Germany: 4.4%
The next 10 years could result in the below:
- Mexico (25%)
- Canada (20%
- Japan (7%)
- South Korea (5%)
- Great Britain (4%)
Top trade partners as of 30 June 2018:
- China: 15.2% (strategic competitor)
- Canada: 15.1%
- Mexico: 14.6%
- Japan: 5.1%
- Germany: 4.4%
The next 10 years could result in the below:
- Mexico (25%)
- Canada (20%
- Japan (7%)
- South Korea (5%)
- Great Britain (4%)
#USA
Bring the manufacturing (jobs) home while negatively impacting China's economy.
forbes.com/sites/kenrapoz…
cebglobal.com/talentdaily/au…
irishtimes.com/business/econo…
Bring the manufacturing (jobs) home while negatively impacting China's economy.
forbes.com/sites/kenrapoz…
cebglobal.com/talentdaily/au…
irishtimes.com/business/econo…
