07-09-2018 16:57 via feedproxy.google.com

ALBERT EDWARDS: The booming US economy is merely an 'illusion'

Famously bearish Societe Generale strategist Albert Edwards says that a strong economic indicator getting a lot of attention is an "illusion."
The ISM Manufacturing PMI hit a 14-year high last month, and was touted by many as a sign of the US's economic strength.
Look beyond the obvious, however, and a clear slowdown is underway in the US economy, Edwards says.The blockbuster economic growth manifesting itself in the United States right now is a mere "illusion" and a whole bunch of data is point
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