“Something Is Not Right”

Monday, August 8, 2016
By Paul Martin

by Pater Tenebrarum via Acting-Man.com,
ZeroHedge.com
Aug 8, 2016

Overall, the “mixed signals” backdrop that has been in evidence for quite some time continues to prevail. And yet, we can see that a number of data points remain quite weak or are deteriorating further (particularly RGPDI). Strong payrolls data are not a reliable indicator of future economic growth – and considering that money supply growth remains at more than 8% y/y, current economic data look actually exceptionally poor (normally more pronounced boom conditions would be expected). Any slowdown in credit growth will quickly sink the good ship US economy.

The Rest…HERE

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