Four Main Economic Drivers Sputtering: Saxo Bank Charts

Mish

Here's a collection of charts from Saxo Bank's CIO and Chief Economist Steen Jakobsen.

Global Growth Sputtering

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Steen gives four reasons global growth is sputtering. Her are some of his charts.

Federal Tax Collections

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Speculative Positioning

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Sputtering Growth

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Inflation Coming?

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Stock Market Breadth

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Apple Too Successful

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Price of Money Rising Fast

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Tax Collections and Homebuilders

It's understandable why the Trump tax cuts impacted corporate tax collections. But if one truly believes huge hiring is in place, personal tax collection is another matter.

Homebuilders are a disaster as has been recent housing data.

And the global economy does not exactly look robust.

China did not diverge from the global economy in 2008 and the US won't in 2019.

Mike "Mish" Shedlock

Comments (4)
No. 1-4
Bam_Man
Bam_Man

Well, we obviously need bigger stock market and housing bubbles to lift those Federal Tax Collections back up to where they belong - but “crazy” Powell is not co-operating.

KidHorn
KidHorn

Is the weekly tax withholding a YTD comparison? Or is it a single week comparison?

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dulevot

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