Today is the moment of truth for Trump. Today the figures on US retail sales and US consumer sentiment are published by the University of Michigan. 70% of the US economy is made up of consumers. Bank of America data shows that consumption may have collapsed in August as more and more Americans expect a recession. For Trump, this is highly dangerous. Especially as the economic situation is worsening in swing states that narrowly elected him in 2016 (job losses in manufacturing). The poor survey results for Trump explain why the US president currently seems a little more peaceful in the trade war and towards Iran. Also for Wall Street, today’s U.S. retail sales will be crucial to whether the S&P 500 can pass the important 3200 mark.
Here the actual Trump-Speech in Davos as Live-Feed. It sounds more than a Speech from the American Chamber of Commerce. He tells the Audience how phantastic Investments in the US are. Von Crossroads Foundation Photos […]
The German purchasing managers’ indices (Markit PMI; September) have just been published: Manufacturing 41.4 (forecast was 44.0; previous month 43.5). Services 52.5 (forecast was 54.3; previous month was 54.8). Phil Smith of Markit, who collected […]
Today’s video highlights the conditions of the German population at the beginning of the recession after the long boom. But this boom surprisingly passed by many people! The 3rd quarter will end in a few […]