Charts That Matter - Thursday, Jan. 10

Enodo’s (my favorite china watcher) estimate put real growth at 0.9% in Q3, the weakest quarterly annualized rate since we started producing estimates in 2004 – even lower than the trough of 1.9% during the global financial crisis. Annual growth slowed to 3.7% by our reckoning, compared with 5% in the crisis. 

Enodo estimate for Q3 growth is 0.9 percent qoq ar Preliminary Enodo quarterly annualized growth.

Raising rates will lead to less borrowing….” right? but have a look at the accompanying chart what’s happening here?

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An example of how corporate borrowing costs are rising: Anheuser-Busch, which packed on $95 billion of debt after purchasing SABMiller in 2016, is now trying to refinance. Its bonds sold less than a year ago have fallen by about 15 cents on the dollar.

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A significant plunge in 2019 S&P earnings expectations since last September @biancoresearch

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