A negative flow of economic data and liquidity issues are replete with contagion signals and slower growth on a global scale, which are building towards a TPTB acknowledgement that a global recession has arrived. Predicting when the financial lords of officialdom will...
The recession that’s taking hold in the U.S. and Europe is deepening amid a likely escalation of NATO’s proxy war (Twitter thread) with Russia in Ukraine. A sanction-induced energy shortage and subsequent liquidity crisis spawned by a strengthening dollar that the...
After penning the “Growing Risk of Recession as Bread and Circuses Distract the Plebeians” Part 1 , 2 , and 3 (Twitter thread) since the end of March, one data point from the Fed’s officialdom has confirmed that the United States is in a technical recession and...
Since penning Part 1 and 2 (Twitter thread) in early April on the risk of recession this year, the chances of a hard landing vs. the Fed’s sanguine soft-landing narrative morphed into “we have a good chance of a softish landing” when Jay Powell delivered the FOMC’s...
One of the first signals that indicate a recession may be on the horizon is consumer sentiment. It’s worth repeating that roughly 70% of U.S. gross domestic product (GDP) is determined by personal consumption, and that factor dominates its performance. Today’s GDPNow...