
Bear Market Math (EP.280)
Animal Spirits Podcast
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Is It a Global Flash PMI?
The headline flash, US PMI composite output index registered 47.3 in October down from 49.5 in September with the exception of the initial pandemic period. The rate of decrease was the second fastest since 2009. Do you think though that any downturn could be led by just slowing of investment by corporations because they're hurdle rate is so much higher? I would put them in the same category.
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