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:
China Market Update: Mainland Sees Massive Buying, Hong Kong Growth Flies,
Week In Review
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Asian equities were mixed overnight, as Hong Kong, Mainland China, Taiwan,
and South Korea outperformed, gaining more than +1%. Meanwhile, Australia,
Indon...
9 minutes ago