For those who "can't see the recession", it's illustrated for you in this chart. The NY Fed model now pegs recession risk at 32.9%, a 12-year high. History shows there's no turning back at this level. pic.twitter.com/hUteBhNOzr
— David Rosenberg (@EconguyRosie) July 8, 2019
Class 8 Truck orders have collapse to 2008 financial crisis levels after demand was pulled ahead to 2018 pic.twitter.com/C7cR4YHZoY
— zerohedge (@zerohedge) July 13, 2019
this was not supposed to happen! global industrial slowdown continues to gain momentum through summer. pic.twitter.com/kaWMJ3fVGe
— Alastair (@StockBoardAsset) July 13, 2019
last time happened it was fall 2008 – central banks better hope they're pre-emptive – fed is way behind cutting cycle pic.twitter.com/blDxAEd7vr
— Alastair (@StockBoardAsset) July 13, 2019