UNEXPECTEDLY!

Economy is slowing much faster than the Fed expected.  (And you say you never use the pre-calculus math you suffered through in high school!)

What shall we call it?  A return of stagflation?  Malaise?  The fruits of many years of money-printing?

Disappointing economic indicators are taking hold as markets ready for an expected rate cut this July, and one prominent economist and educator warned there’s more of a slowdown than previously forecasted.

"So far, we've had disappointing retail sales. We've had disappointing PMI manufacturing numbers. The ISM numbers were disappointing. [Tuesday's] job vacancies were considerably below expectations," Mohamed El-Erian, president of Queens' College at Cambridge University, said on "The Claman Countdown." "Citi has this ‘index of surprises,’ and we've had nothing but negative surprises."

"And all that is saying to us is that the economy is slowing much faster than most people expected, including the Fed," he continued.

Does slowing, though, mean an economy that is still growing, are we on track for those two quarters of negative growth that mean a recession?