BLOOMBERG Bloomberg Real Yield July 14, 2024
Recessionary. Weak Economic Data. The jobs data was disappointing. Our payrolls are week overall. Pmi came out and it was not great. It was the biggest missing since december 2008. The u. S. Economy is showing signs of fatigue. An economic slowdown. It is still growing. Trailing data is ok. Growth in the states is strong. The outlook has got the Downside Risk with other indicators of people being nervous about trade. It accelerates the pattern of a late cycle. You are in a very late cycle. I think we are closer to the end than people realized. Jonathan joining me around the table now, great to...