For those who “can’t see the recession”…

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

https://twitter.com/RVAnalysis/status/1150049585303367681