As long as the guvmint keeps pumping cash, it will look good.
That’s a different theme than we saw early in this thread.
Maybe you missed this part in the article ?
Consumer spending helped propel the growth number higher, as did contributions from private inventory investment and nonresidential fixed investment, according to the first of three estimates the department will provide.
Well color me confused…
https://www.conference-board.org/brief/global-economy/retail-sales-analysis-may-2024#
She wrote another article today on this news.
Also, it seems they were wrong about 2Q.
What concerns me too in that article is this statement :
Mexico’s rise is driven by increased investment from China
Other sources mention China investment in Mexico at only 1%. So not sure how much
Chinese investment drove Mexicos replacement of the UK on this list. But, imho the US
needs to nip any Chinese investment in Mexico and other latin countries however possible.
I think it is safe to say the economy isn’t healthy.
There are fears for sure. We will see what a rate cut does next month. I fear the Fed was a little too late but understand why they waited.
That said, stock markets can obviously overreact. Will have to see where this goes, not pretty at all right now.
Doesn’t sound right. These are calm and collected people, who don’t panic at the first sign of a problem.
Anyways Fortune had a couple theories
Here is the article without a paywall.
Actually this fire started in Japan.
I think the fire started here last week and Japan threw gasoline on it.
I’m with V on the rout coming from Japan mostly. There’s a difference between a bad news day with unemployment numbers, and Japan’s ruining a bunch of investment schemes. I mean totally legitimate international financial trading tools.
Schemes being upended are always worse than some bad numbers
Three Year Letterman
@3YearLetterman
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You know what isn’t plunging in value this morning? My DVD collection
My CDs and high yield muni fund either.
Chase did a full call on my 5.65% cd that matured in Oct. I expect my Dec 24 5+% callables will be next.
If you read what drove the Japan rout, it was US recession worries. At least, that’s what I’ve been seeing.