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
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