The convergence of contracting manufacturing, a downward trend in Goldman’s Capex tracker, and business inventory nearing contraction levels raises ominous parallels with past economic downturns. This alarming pattern, witnessed during the Dot Com bubble, the Financial Crisis, and the Pandemic, underscores potential challenges ahead for the economy.
Manufacturing pic.twitter.com/7NYfAV8mVk
— Win Smart, CFA (@WinfieldSmart) November 15, 2023
Capex pic.twitter.com/5NozRJ6sRG
— Win Smart, CFA (@WinfieldSmart) November 15, 2023
WARNING: Business inventory is nearing contraction levels
The last 3 times happened during:
1. Dot Com bubble
2. Financial Crisis
3. PandemicBuckle up pic.twitter.com/IugR3FomWC
— Game of Trades (@GameofTrades_) November 15, 2023
You know consumer finance is suffering when… https://t.co/XxBtoYvCon
— Danielle DiMartino Booth (@DiMartinoBooth) November 15, 2023