The Credit Recession

The non-recovery of the U.S. economy

From Tuomas Malinen’s Forecasting Newsletter.

Issues discussed:

• The ongoing credit recession stands in stark contrast to the no-landing, or no-recession, narrative for the U.S. economy.

• Bank lending to corporations has not recovered signaling a recession among the small and medium-sized enterprises.

• Investors gorging on junk bonds, with the assumption no U.S. recession, are risking catastrophic losses ahead.

• Tensions in the Middle-East are extremely high.

The strong economy that wasn’t