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:

10 Thursday AM Reads
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My morning reads: • “If You Want to Bet on the End of the World…”: Puck
sits down with Mark Spitznagel on the art of cool bullishness — and what
tail-ri...
10 hours ago