Everything points to a further deceleration or even a contraction in the fourth quarter.

Economic growth has slowed and further deceleration is predicted, with mismanagement by government cited as a principal cause.

A further deceleration is seen this year, with some analysts forecasting growth will cool to just over 6 percent.

It would also spell a further deceleration from 6.6% in 2018 and 6.8% in 2017.

But a further deceleration of the U.S. economy could also lead investors to invest in safer securities such as U.S. Treasury notes, he said.