The Economic Outlook is Grim and Uncertainty is Elevated
deerpointmacro.substack.com
Everyone continues to talk about rate hikes and the need for the Fed to be able to destroy demand. We are already seeing demand destruction, and we are seeing a terrible future outlook for economic growth. This is a grim situation as it could lead to a situation in which we have lower economic output. We are not just seeing this within the US, but this is a global slowing of economic growth and outlooks for world trade. We are seeing world trade slow rapidly, deteriorating CAPEX expectations, slowing private investment, slowing freights, unwillingness to grow commercial and industrial loans, and finally what this all means for future productive capacity. This article will focus mostly on the US, but we will also take a look at some global factors that we are seeing. The first thing we will look at is the slowing of world trade.
The Economic Outlook is Grim and Uncertainty is Elevated
The Economic Outlook is Grim and Uncertainty…
The Economic Outlook is Grim and Uncertainty is Elevated
Everyone continues to talk about rate hikes and the need for the Fed to be able to destroy demand. We are already seeing demand destruction, and we are seeing a terrible future outlook for economic growth. This is a grim situation as it could lead to a situation in which we have lower economic output. We are not just seeing this within the US, but this is a global slowing of economic growth and outlooks for world trade. We are seeing world trade slow rapidly, deteriorating CAPEX expectations, slowing private investment, slowing freights, unwillingness to grow commercial and industrial loans, and finally what this all means for future productive capacity. This article will focus mostly on the US, but we will also take a look at some global factors that we are seeing. The first thing we will look at is the slowing of world trade.