Again so far in 2016, as for the past numerous years, the economy feels lukewarm, with positive signs (pretty good if not great job growth, low unemployment rate, strong corporate profits through 2015) as well as negative ones (labor participation rate, weak GDP growth in the US and globally, falling commodity prices).
But earlier this week on the pages of the Seeking Alpha investment-focused web site, Jeffrey Snider of Alhambra Investment Partners published some rather disturbing analysis of changes in US retail sales, wholesale sales, and manufacturing orders since the end of the great recession through early 2016.
As shown below, the numbers are downright worrisome:
As can be seen, the numbers have turned to very slow growth or negative in the past year or more in all three areas.
Snider suggests that we may be in the last phase of the current economic cycle before the next recession starts.
Don't blame SCDigest - we're just the messenger. Maybe Snider is offbase. But forewarned is forearmed.
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