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WTFinance
Weak Data Suggesting Economy is Rolling Over with Louis-Vincent Gave
Jun 12, 2024
Louis-Vincent Gave discusses global markets outlook, Chinese economy, Yen weakness, and more. Topics include inflation trends, Chinese Yuan depreciation, and factors impacting US recession indicators. Insights on central banks' rate cuts, commodity shifts, and aligning economic and market data for investment decisions.
41:45
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Quick takeaways
- Rising costs impacting low-end consumers point to a potential economic slowdown in the US.
- Global markets facing challenges due to recent economic data softening trends and shifts towards technology stocks.
Deep dives
US Economic Data Showing Softening Trends
Economic data in the US has been indicating a soft batch due to rising costs impacting the low-end consumer. Anecdotal evidence from companies like Starbucks, McDonald's, and Target supports the view of a potential economic slowdown in the US. Factors like increasing car insurance, home insurance, and other daily expenses are squeezing incomes, leading to concerns about a possible rollover in the US economy.
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Discover
highlights
Listen to the best highlights from the podcasts you love and dive into the full episode