Goldman Global Leading Indicator Drastically Revised, Collapses Into “Confirmed Slowdown”
by Tyler Durden
ZeroHedge.com
10/01/2014
Just 2 short weeks ago, Goldman nervously admitted that possibly perhaps maybe their Global Leading Indicator was indicating a “slowdown” was coming, but remained hopeful that the rest of the month would see data pick up and prove them wrong. Now that the final data has been released for the various components of the index, the ‘exuberant’ recovery of the last few months has been massively revised lower. As Goldman itself notes, the September Final GLI came in at 2.6% YoY, providing a clear signal of “Slowdown”, with the data now in hand further suggesting that the GLI first may have entered the ‘Slowdown’ phase back in July.
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