My most general thought about the Global Economy is that is #slowing right now. Since the USA has joined the rate of change slowdown from its Q2 cycle peak, I can say that more broadly this morning than I could have as early as last week.
..On the other side of us, The Atlanta Fed forecast is just inside of what Mnuchin and Kudlow want GDP to be (i.e. 5%) at +4.7%.
Mathematically speaking (instead of politically), there’s a better chance that I’ll eventually be able to dunk a basketball (I’m a 5’9 ex-hockey player) than US GDP accelerating to +4.7%-5.0% in Q3 with #slowing economic data.