Thread by @C_Barraud

🇺🇸 U.S. High Frequency Data Suggest That Economic Recovery Has Stalled Amid #Virus Resurgence
*Link: ⚠ bit.ly/2O9mnT4 ⚠

🇺🇸 As Businesses Reopen, Many Americans Plan to Spend Less - Bloomberg
*More than 40% of adults say they’ll cut back on some of the very discretionary spending needed by struggling retailers.
*Link: bloom.bg/2AGmuCw

🇺🇸 Five Real-Time Charts Show Signs U.S. Economic #Recovery Is Faltering - Bloomberg
*Link: bloom.bg/3flL7nh

🇺🇸 #Fed’s Kaplan Says #Coronavirus Case Surge Has Slowed Pace of Recovery - WSJ
wsj.com/articles/feds-…

🇺🇸 #Fed officials warn on 'thick fog' ahead for U.S. economy as recovery concerns deepen - Reuters
reuters.com/article/us-usa…

🇺🇸 #Fed's Harker Says Uncertainty Over Economic Outlook Is Rising - WSJ
wsj.com/articles/fed-s…

🇺🇸 #Fed Survey Shows Tepid Recovery in Early July, Outlook Uncertain - Bloomberg
bloomberg.com/news/articles/…

🇺🇸 The virus’s effective reproduction number (R) is now above the critical level of 1 in all but five of the US’s 50 states - FT
*Weighted by GDP, 95% of the economy is affected by a viral R high enough to cause an exponential ⬆ in the number of cases.
ft.com/content/5bf2f8…

🇺🇸 How is the economic recovery going? Wall Street goes off-grid to sources like Homebase - MarketWatch
marketwatch.com/story/how-is-t…

🇺🇸 The New York Fed's Weekly Economic Index (WEI) is reversing course, showing high-frequency economic indicators are turning ⬇.
*Link: nyfed.org/2WKQm8u

➡ Without stimulus soon, 3Q GDP sould disappoint ⚠ christophe-barraud.com/en/u-s-economi… ⚠

🇺🇸 Employment recovery going backward in states hit hard by virus, small business data shows - CNBC
*6 states have seen the number of employees going to work at SMEs ⬇ by at least 5% from early June to mid-July, according to Homebase.
*Link: cnb.cx/2WOYipp

🇺🇸 U.S. Jobs Picture Worsens With Census Survey Showing July Drop - Bloomberg
*Link: bloom.bg/3fSL6r9

🇺🇸 The U.S. Is on the Verge of Lockdown 2.0 - Bloomberg
*Link: bloom.bg/2CFyoxx

🇺🇸 U.S. Weekly Jobless Claims Rose 109k to 1.416M (4-week high); Est. 1.3M

➡ Figures are coherent with the deterioration of employment situation flagged by other high frequency indicators (bit.ly/32L9eIm).

🇺🇸 U.S. High Frequency Indicators Confirm Economic Recovery Has Stalled since Late June
*Link ⚠ christophe-barraud.com/en/u-s-high-fr… ⚠

🇺🇸 U.S. Economy’s Recovery Is Stalling, and It Could Get Even Worse - Bloomberg
*Link: bloom.bg/30FkIdP

🇺🇸 There's No V in `Fiscal Cliff' for Nervous Markets - Bloomberg
*Link: bloom.bg/2ZUwp0Z

🇺🇸 #Fed hoped to skirt a second virus wave. Small businesses may sink in it - Reuters
*Link: reut.rs/3g1cdjF

➡ More HF indicators confirmed recovery has stalled since late June: christophe-barraud.com/en/u-s-high-fr… ⚠

🇺🇸 U.S. Weekly Jobless Claims rose again to 1434k (v 1445ke) reaching a 5-week high.

➡ Figures are coherent with the deterioration of employment situation in July flagged by other indicators: christophe-barraud.com/u-s-employment… ⚠

https://twitter.com/C_Barraud/status/1288116034335981573

🇺🇸 U.S. Economy’s Rebound Looks Shakier After Worst Quarter Yet - Bloomberg
*Link: bloom.bg/2BLkyJF

🇺🇸 From Bourbon Street to Food Banks, Signs of a Slow U.S. Recovery - Bloomberg
*Link: bloom.bg/3fGOsg5