Enodo’s (my favourite china watcher) estimate put real growth at 0.9% in Q3, the weakest quarterly annualised 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 annualised growth
“Raising rates will lead to less borrowing….”right? but have a look at the accompanying chart what’s happening here?
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.
Significant plunge in 2019 S&P earnings expectations since last September @biancoresearch