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:
Russia Set to Outpace All Advanced Economies – Sanctions FAILED
-
Sanctions and the removal of Russia from SWIFT have not deterred the
Russian economy. A recent report by the International Monetary Fund (IMF)
predicts tha...
56 minutes ago