U.S. Economic Outlook. Fourth quarter 2019

Three-parts accommodation, one-part trade détente baked into 2020 outlook, but is it enough to avoid a downturn? Fed's Art of War: Let your plans be dark and impenetrable as night, and when you move, fall like a thunderbolt.

Key points

• Key points:
• Negative interest rate: how viable is it for the U.S.?
• Speculative-grade corporate debt distress: Is there a reason for concern?
• Turf trade war: A regional analysis of the U.S.-China trade war
• Sustainability: If it looks like meat and tastes like meat, then it probably is… alternative meat!

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