More Negative Nancy
We wrote a doom and gloom article a few weeks back on some of the worldwide economic indicators that were trending negative. Thought we’d drop a quick update after China release more data:
- Industrial output drops from 9% to 5% (that’s year-over-year growth… but in China growth is expected. In the US that would be a ticker tape parade)
- Government spending on infrastructure expanded to 16.9%
- Home prices have fallen for 4 consecutive months
I’m not certain we are connecting any dots here… but data is data. Are these signals? Or noise?