Private Sector Recession

The doldrums of the U.S. economy deepen

From Tuomas Malinen’s Forecasting Newsletter.

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Issues discussed:

• Bank credit data keeps on indicating the onset of an U.S. (private sector) recession.

• Economic indices and data on consumers seem to concur, while credit markets continue their ‘deep-sleep’.

• Depression-style fiscal stimulus by the Biden administration is keeping the U.S. economy afloat, but it will be unable to stop the downturn.

Credit recession continues