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Europe, China, even the US. Latest figures show things are really getting ugly.
The global economy has turned a corner, and not in a good (or inflation) way. Widespread ugly data and market positioning strongly suggest the deflationary recession is accelerating to the downside.
Eurodollar University's Money & Macro Analysis
HCOB Flash Eurozone PMI
https://www.pmi.spglobal.com/Public/Home/PressRelease/6a9a73ef2b4d449eb8a8d9b827cb2070
S&P Global Flash US Composite PMI
https://www.pmi.spglobal.com/Public/Home/PressRelease/6e8efbfbddde43f29eb12c5193939625
Twitter: https://twitter.com/JeffSnider_AIP
https://www.eurodollar.university
https://www.marketsinsiderpro.com…
The skinny
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