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Search resuls for: "DataTrek cofounders Nicholas Colas"


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China faces severe real estate woes, deflation, and an exodus of global investors. NEW LOOK Sign up to get the inside scoop on today’s biggest stories in markets, tech, and business — delivered daily. AdvertisementThe world has yet to witness any post-pandemic rebound in China, and Wall Street expects little to change in 2024. The ongoing exodus of global investors is evidence the bear case is intact, and the country's real estate sector continues to look more and more precarious. AdvertisementThat in turn has cratered sentiment, as Chinese households have the majority of their wealth tied to real estate.
Persons: , DataTrek, Nicholas Colas, Jessica Rabe, Mike Edwards, Weiss, haven't, Edwards, Tracy Chen, Chen, Caesar Maasry, Goldman Sachs, Maasry Organizations: Service, Wall, Tech, Baidu, US, Business, Brandywine, Supply, Seng China Enterprises, Bloomberg Locations: China, Beijing
Mentions of inflation were down to 55% of companies in the third quarter, down from a peak of 83% in 2022. Taken together, the "recession" and "inflation" mentions points to moderating, but still persistent unease among companies. "Stocks have shrugged off recession fears, but they remain elevated at many companies. But they also note that the still-elevated mentions of inflation and recession don't necessarily bode poorly for stock performance. Big Wall Street firms are mixed in their outlook for the economy next year.
Persons: , disinflation, DataTrek, DataTrek cofounders Nicholas Colas, Jessica Rabe, Colas, Rabe, bode, Goldman Sachs Organizations: Service, Research, Wall Street, Wall, Bloomberg, JPMorgan Locations: America
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