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:
Election Years Are Different | Tom McClellan
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We are now firmly into this election year, with both major parties'
candidates determined. This moment is pretty early for that type of
resolution. It ha...
44 minutes ago