Wall Street's Faith-Based Economics And The Proverbial "Second Half Recovery"

He takes his case a step further by highlighting a chart that shows industrial output and consumption slowdowns. It illustrates that their growth rates turned down in the second half of last year and never materially recovered.

 

 

 

 

 

 

 

 

https://www.cnbc.com/2019/04/25/chart-shows-glaring-economic-risk-that-could-wipe-out-record-highs.html

 

David Stockman's Contra Corner is the only place where mainstream delusions and cant about the Warfare State, the Bailout State, Bubble Finance and Beltway Banditry are ripped, refuted and rebuked. Subscribe now to receive David Stockman’s latest posts by email each day as well as his model portfolio, Lee Adler’s Daily Data Dive and David’s personally curated insights and analysis from leading contrarian thinkers.