There’s no sign of inflation, markets are unsettled, and now new economic data keeps confirming that dark side. Forget each month, every day there is something else suggesting a slowdown. That much had been evident across much of the global economy, but this is now different. The US has apparently been infected, too, not that that is any surprise. That’s how these things go. Global synchronized growth, decoupling, globally synchronized downturn. Every time. What’s amazing is just how quickly US decoupling in 2018 has disappeared. It’s like they’re not even trying anymore, so shocked at how quickly and fervently ... (full story)