Moneyball Economics’ Andrew Zatlin said the latest semiconductor numbers are another sign that the global economic slowdown will continue. Zatlin sees the semiconductor industry as the best leading indicator of overall U.S. economic strength.
He views recent commentary by Celanese Corporation (NYSE: CE) CEO Mark Rorh about “sluggish global economic growth, deflationary raw material trends and heightened geopolitical tensions” as particularly discouraging.
“Celanese is a leading manufacturer of acetyl based chemicals. Everyone uses its products: automotive, consumer electronics, construction, industrial, food, pharmacy and agriculture,” Zatlin explained. “Things are worse than they appear: CE’s 1Q 2016 topline still shrank ...
/www.benzinga.com/analyst-ratings/analyst-color/16/04/7885341/zatlin-semiconductor-activity-pointing-to-global-slowdow alt=Zatlin: Semiconductor Activity Pointing To Global Slowdown>Full story available on Benzinga.com
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