Deflationary Demographics

(1) No relief yet for latest panic attack. (2) The new worry is that China’s weak data suggest global growth at risk. (3) Investors accentuating the negatives, ignoring the positives. (4) GDPNow now at 3%. (5) Jobless claims drop. (6) ECB ready to end QE, but not ready to lift interest rates. (7) China’s real retail sales growth continues to fall as a result of rapidly aging demography. (8) Baby Boomers are turning into minimalists, like the Millennials. (9) Demographic trends suggest consumer-led boom unlikely in US. (10) No boom, no bust. (11) Movie review: “The Mule” (+).