Given the weaker readings of leading indicators for the US economy, we are becoming increasingly int...
Given the weaker readings of leading indicators for the US economy, we are becoming increasingly interested in the consequences of a US slowdown next year. Forthcoming US employment statistics should provide more clues. The recent fall in the Nasdaq raises the prospect of a slowdown in retail sales as the past correlation of the two has been high. High oil prices have also been associated in the past with weaker retail sales as higher fuel prices reduce consumers' disposable income. Despite high oil prices other commodity prices are slowing. Monetary conditions are increasingly restrict...
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