Posted on 09/25/2012 6:21:45 AM PDT by blam
Global Growth Has Collapsed
Joe Weisenthal
Sep. 25, 2012, 5:44 AM
The below chart comes from Morgan Stanley's latest Strategy Forum deck, and though it's simple, we suspect a lot of people haven't seen it yet, or really haven't made the connection between the chart and other big economic stories of the day.
This is the chart that's causing warnings from FedEx.
This is the chart that's contributed to the collapse of the Shanghai Composite.
This is the why the Baltic Dry Index is down 60% this year.
It's why US manufacturing indices are giving off the weakest signs of the economy.
If the US goes into a recession in the next year, this will almost certainly be why.
(Excerpt) Read more at businessinsider.com ...
"Yesterday at the MINExpo conference, Caterpillar reduced its earnings outlook for 2015 – way further in advance than companies usually issue guidance."
"Given the company's position as the biggest manufacturer of construction equipment in the world, the move raised some eyebrows and even caused markets to fall near the close of trading yesterday."
Obama’s a shoe-in then. The sheeple need their Shepard of EBT.
US Gross Domestic Product release, USDC/BEA, 3rd quarter 2012 (advance estimate), October 26, 8:30 am
We are all going to need EBT if this continues. Which, of course, is the goal.
A turnaround in the US economy would make the world feel all better. That isn’t going to happen with Obama in office.
Good find. Thanks. Well, the news is not good, but knowing the reality is.
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