by: Tyler Durden
July 6, 2012
In a follow-up to last week’s deep dive on the end of the US CapEx boom (and the possibility that the Fed is out of bullets) and the growing hope once again that the US can remain the ‘decoupled’ least syphilitic-hooker-in-a-whorehouse, we thought it useful (given this week’s somewhat disappointing reversion to reality in macro data and markets) to highlight four clear un-decoupling indications. From Economic Surprise Index similarities between Europe and the US, to record negative pre-announcements and fading US CapEx growth rates, the reversion in US manufacturing and new orders data to Europe’s (and Asia’s) sad reality is not going to be ‘saved’ by the supposed housing recovery – as we noted here earlier. With credit and FX markets already signaling a hope-less market, we wonder how long before stocks catch-down (and the ‘De-Cuppers’ smell the napalm).