A key Fed Indicator just turned negative indicating what TGP has warned about for months. The US in officially in a recession.
TGP has for months warned that the Biden economy is facing a recession. Now it has finally landed.
BIDEN ECONOMY: Retail and Auto Sales Are Down, Layoffs Announced, A Recession is in the Works
This became a reality today. A Fed model now shows the GDP forecast is negative.
Zerohedge confirms the bad but not surprising news.
There are some squirrelly actions in the works as well.
The S&P had its worst first half of the year since 1970.
US savings rates are at their lowest since 2008.
- Advertisement -