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:
Crude Oil Surges Over 2%; MSC Industrial Shares Fall After Q2 Results
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U.S. stocks traded mixed toward the end of trading, with the Nasdaq
Composite falling around 15 points on Thursday.
The Dow traded up 0.06% to 39,785.29 ...
19 minutes ago