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Economist David Rosenberg toda

Posted by Richard640 @ 22:31 on August 2, 2019  

Eric Rosengren is chasing a lagging metric. Hard to fathom. It is the mfg workweek that is part of the index of leading economic indicators, sinking 0.7% in July and has shrunk at a 2% annual rate in the past 6 months. Only 1 other time since the Great Recession has this happened

Payroll report: flat average weekly earnings; three months in a row of downward revisions; 0.3% slide in the workweek; contraction in factory hours and overtime. What’s not to like?

 

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Post by the Golden Rule. Oasis not responsible for content/accuracy of posts. DYODD.