Goldman Sachs’ survey of equity analysts, which evaluates growth and contraction at the company level, now points to a disastrous slump in industrial orders. 60% of the companies covered by the survey reported falling orders.

There’s only one person in a position of responsibility who still believes that the US economy is doing well, and that’s the president, who seems to be making it up as he goes along.  In a weekend tweet, he wrote that “companies are moving to the US” in response to his tariffs, and that “TARIFF is a beautiful word indeed.”

Excerpt from Gaming Trump’s proximity to the ledge

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