AI-powered
podcast player
Listen to all your favourite podcasts with AI-powered features
5min chapter
No Clear Sign Of Recession Yet, Says Nick Reece
Forward Guidance
The Decline of PMIs
PMI readings have been decelerating in the US and most other major economies. That's consistent with a mid-cycle slowdown, but it doesn't mean we're going into recession. The Fed is likely to make a dumish pivot here sooner than many people expect. In Germany, they just had an unemployment rate jump of over 10%. And this comes back to the point that I was making earlier about China.
00:00
Transcript
Episode notes
Get the Snipd
podcast app
Unlock the knowledge in podcasts with the podcast player of the future.
AI-powered
Discover
highlights
Listen to the best highlights from the podcasts you love and dive into the full episode
Save any
moment
Hear something you like? Tap your headphones to save it with AI-generated key takeaways
Share
& Export
Send highlights to Twitter, WhatsApp or export them to Notion, Readwise & more
AI-powered
podcast player
Listen to all your favourite podcasts with AI-powered features
Discover
highlights
Listen to the best highlights from the podcasts you love and dive into the full episode