Tuesday , October 22 2019
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Retail sales, Consumer Sentiment, Rails, Sea containers, Wholesale sales, Employment, Hours worked

Summary:
Up a bit but still looking a lot lower than a few months ago: “Deep in contraction” Analyst Opinion of Container Movements Simply looking at this month versus last month – there were only marginal changes to weak numbers. The year-over-year rate of growth improved for imports and marginally worsened for exports. Still, year-to-date growth for both imports and exports remain deep in contraction. The three-month rolling averages for exports and imports are also in contraction. Imports container counts give an indication of the U.S. economy’s state and the soft data continues to indicate a weak U.S. economy. Exports are saying the global economy is weak as well. Container data is consistent with other transport data indicating a weak economy. Contraction:

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Retail sales, Consumer Sentiment, Rails, Sea containers, Wholesale sales, Employment, Hours worked
Up a bit but still looking a lot lower than a few months ago:

Retail sales, Consumer Sentiment, Rails, Sea containers, Wholesale sales, Employment, Hours worked
“Deep in contraction”

Retail sales, Consumer Sentiment, Rails, Sea containers, Wholesale sales, Employment, Hours worked

Analyst Opinion of Container Movements

Simply looking at this month versus last month – there were only marginal changes to weak numbers. The year-over-year rate of growth improved for imports and marginally worsened for exports. Still, year-to-date growth for both imports and exports remain deep in contraction.

The three-month rolling averages for exports and imports are also in contraction.

Imports container counts give an indication of the U.S. economy’s state and the soft data continues to indicate a weak U.S. economy. Exports are saying the global economy is weak as well.

Container data is consistent with other transport data indicating a weak economy.

Retail sales, Consumer Sentiment, Rails, Sea containers, Wholesale sales, Employment, Hours worked
Contraction:

Retail sales, Consumer Sentiment, Rails, Sea containers, Wholesale sales, Employment, Hours worked

Retail sales, Consumer Sentiment, Rails, Sea containers, Wholesale sales, Employment, Hours worked

Retail sales, Consumer Sentiment, Rails, Sea containers, Wholesale sales, Employment, Hours worked

WARREN MOSLER
Warren Mosler is an American economist and theorist, and one of the leading voices in the field of Modern Monetary Theory (MMT). Presently, Warren resides on St. Croix, in the US Virgin Islands, where he owns and operates Valance Co., Inc.

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