Joe Weisenthal: Be Scared of These 9 Reasons the Economy is Slowing
Maybe it’s time to get a little nervous. In addition to all kinds of dicey headlines — Japan (NYSE:EWJ), the Mideast, etc. –the economic data is starting to add up, and look like a slowdown.
You can see it in business confidence, headline GDP, and certain aspects of employment. Some previously hot industries are clearly starting to fade.
Case Shiller Is Showing The Housing Double Dip Getting Worse
Small Business Confidence Is Suddenly Turning Lower
Q1 GDP estimates have been getting slashed
Image: Wikimedia Commons
After starting off at 4%, estimates for GDP are now in some cases below 4%.
Durable goods have been weak
Las Vegas gaming revenue has suddenly turned south again.
Image: WilWheaton on flickr
Oil prices have pushed the economy to the breaking point
Markets are stalling out
The age of cheap money is going away
With inflation on the rise, basically everything things QE2 is toast.
Austerity warnings from the UK
In London, where fiscal tightening is further along than here, it’s having a clear effect on consumer spending. That’s coming to the US, too.
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