With #Inflation surging, #Shortages crippling the world, and business outlook tanking, it's time to ask whether we are headed for #Recession. All the signs point to a resounding answer of YES.
The latest Small Business survey from the National Federation of Independent Business (NFIB) is in, and the report is, well… a bit scary.
Specifically, it reveals general business conditions at the 3rd lowest levels in the last 50 years.
Such lows have consistently operated as reliable leading indicators for whether we are headed for recession ahead.
3/3
Home price increases should cool, but 1st homebuyers might see a market similar to the period prior to the housing crash where incomes fall short of necessary qualifying income.
History shows that a market that forces one to buy homes they cannot afford does not end well.
— Jim Bianco biancoresearch.eth (@biancoresearch) October 24, 2021
Despite low supplies, copper tumbled by the most in 4 months, dropping w/other industrial metals as investors focused on the potential hit to demand from weakness in China’s economy & the looming debt crisis at China Evergrande Group.@businesspic.twitter.com/gOhtXgr197
