Market Morsels

| July 23, 2019
Share |

The Chinese economy grew by 6.2% in the 2nd quarter 2019, i.e., year-over-year growth rate, the lowest growth rate reported by China in records maintained since March 1992. The last time the United States reported a growth rate of at least +6.2% was in the 3rd quarter 2003. Over the last 30 years, i.e., 120 quarters, the United States has reached or exceeded a +6.2% growth rate in only 6 quarters or just 5% of the time (source: South China Morning Post).

As of 3/31/19, the US economy was $21 trillion in size. As of 3/31/69, i.e., 50 years ago, the US economy was $1 trillion in size (source: Commerce Department).

When comparing the first 5 months of 2019 to the first 5 months of 2018, Chinese exports to the United States have fallen 12% while American exports to China have fallen 19% (source: Commerce Department).

US manufacturers have moved some of their supply chains away from China in 2019, increasing imports from Taiwan (up +22% YTD through 5/31/19), from India (up +12% YTD) and from South Korea (up +12% YTD) (source: Commerce Department).

US oil production for all of 2019 is projected to be 12.36 million barrels a day, then rising to 13.26 million barrels a day in 2020. Actual oil production for the US in 2009 was 5.35 million barrels a day (source: International Energy Agency).

24% of American workers did some of their work or all their work from home in 2018 (source: Department of Labor).

Stay Tuned, Disciplined & Patient! {TJM}

The Investor & Character Equation (ICE) | S + R = O

Please remember that past performance may not be indicative of future results. Different types of investments involve varying degrees of risk, and there can be no assurance that the future performance of any specific investment, investment strategy, or product (including the investments and/or investment strategies recommended or undertaken by Meyer Capital Group-“Meyer”), or any non-investment related content, made reference to directly or indirectly in this blog will be profitable, equal any corresponding indicated historical performance level(s), be suitable for your portfolio or individual situation, or prove successful. Due to various factors, including changing market conditions and/or applicable laws, the content may no longer be reflective of current opinions or positions. Moreover, you should not assume that any discussion or information contained in this blog serves as the receipt of, or as a substitute for, personalized investment advice from Meyer. Please remember that if you are a Meyer client, it remains your responsibility to advise Meyer, in writing, if there are any changes in your personal/financial situation or investment objectives for the purpose of reviewing/evaluating/revising our previous recommendations and/or services, or if you would like to impose, add, or to modify any reasonable restrictions to our investment advisory services. To the extent that a reader has any questions regarding the applicability of any specific issue discussed above to his/her individual situation, he/she is encouraged to consult with the professional advisor of his/her choosing. Meyer is neither a law firm nor a certified public accounting firm and no portion of the blog content should be construed as legal or accounting advice. A copy of the Meyer’s current written disclosure Brochure discussing our advisory services and fees is available for review upon request or at Please Note: Meyer does not make any representations or warranties as to the accuracy, timeliness, suitability, completeness, or relevance of any information prepared by any unaffiliated third party, whether linked to Meyer’s web site or blog or incorporated herein, and takes no responsibility for any such content. All such information is provided solely for convenience purposes only and all users thereof should be guided accordingly.

Share |