Debt to Net Worth Ratio for U.S. Households vs. Financial Obligations Ratio Chart suggesting that U.S. household finances are in good shape. This is good news for consumption spending, which accounts for about 70% of all U.S. economic activity. Image: NBF Economics and Strategy
Chinese Credit Growth and OECD Leading Indicator for China Chinese Credit growth rebounded in September and suggests stronger activity on the horizon. The OECD leading indicator for China picked up further at the highest level since 2017. Image: Danske Bank Research
Cass Freight Index and U.S. GDP The Cass Freight Index suggests first signs of manufacturing activity bottoming out. Image: Macronond, SEB X-Asset Research
Cass Freight Shipments Index vs. U.S. GDP The Cass Freight Shipments Index is a relative good predictive indicator of the U.S. economy. It suggests a weakness in U.S. GDP in Q2 2019. The Cass Freight Index is a measure of monthly North American freight activity. You may also like “ISM Manufacturing Index vs. Cass Freight Index.”…
ISM Manufacturing Index vs. Cass Freight Index The Cass Freight Index (white bar chart) is a measure of monthly North American freight activity. It suggests that the ISM Manufacturing Index (green line) could go lower if the U.S. economic slowdown persists. Image: Greg S.
Global Real M1 Growth Leads Global Manufacturing PMI by around 6 Months When global real M1 money supply growth is very low, it does not bode well for global economic activity. Image: The Wall Street Journal
Who Has the Most To Lose in US-China Trade War? The tariffs are no threat and China has more to lose economically in a trade war. Those numbers are estimates but in reality wrong ones and far too high, according to Ken Fisher. Image: Oxford Economics