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:
Is Something Starting To Break? Stocks Plummet And Bonds Go Nuts As
Economic Data Disappoints
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Are the financial markets headed for trouble? There was quite a bit of
panic on Wall Street on Thursday after more bad economic numbers were
released. ...
22 minutes ago