The chart of the week is courtesy Mike Shedlock via SafeHaven and looks at real Gross Domestic Income (GDI) in the US. Every time GDI has turned negative we have had pretty significant slowdowns or recessions. The GDI has just entered negative territory indicating another major slowdown is just around the corner:
Timeless Style At Ralph Lauren Sees Brand Buck Luxury Sector Woes
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In an ever changing and unpredictable world, classic American design and
timeless heritage have won out, judging by some impressively solid figures
from Ra...
14 minutes ago
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