Les dépêches jeudi 30 Mai

Rosenberg la récession des dépenses d’investissement et la récession des profits sont là:

The most important takeaways from the GDP revision are (i) the capex recession has begun, (ii) the profits recession has arrived, and (iii) inflation is melting away.

— David Rosenberg (@EconguyRosie) May 30, 2019

Lacalle, la baisse du cuivre et la chute des rendements du Bund pointent clairement vers une fin de cycle.

Copper and the Bund are clear signals of the end-of-cycle and economic downturn.

– Copper falls, an indicator of industrial activity.
– Bund yield falls, flight to safety. pic.twitter.com/qFO5vJQerF

— Daniel Lacalle (@dlacalle_IA) May 30, 2019

Le cash est recherché!

Nervous Investors Convert to Cash in Record Inflows – as MM funds see huge inflows of nearly $100bn in the last four weeks compared to similar periods over 8 yrs. @LanceRoberts @TheBubbleBubble @michaellebowitz @DiMartinoBooth pic.twitter.com/voRHKROQtD

— Patrick Hill (@PatrickHill1677) May 30, 2019

[Reuters] Fears of prolonged trade war put Asia stocks in retreat, bonds rally

[Reuters] Dollar holds up near two-year peak on trade-war, growth worries

[Reuters] Taking aim at U.S., China says provoking trade disputes is ‘naked economic terrorism’

[AP] China dangles a potentially harmful new threat in trade war

[Reuters] China set to control rare earth supply for years due to processing dominance

[Reuters] Pentagon seeks funds to reduce U.S. reliance on China’s rare earth metals

[Reuters] BOJ policymaker warns against ‘reckless’ easing to reach price goal

[Bloomberg] The Moment Merkel Realized Trump Changes Everything for Germany