The FED has got it wrong again and is going to cause a recession for sure. This is because the fed believes low unemployment means there wont be a recession so its ok to keep hiking rates by the max amount to nip inflation in the butt. But this time is different! In Japan, the economy can slip into recession without increasing unemployment because Japanese companies tend to retain employees even when their revenue drops sharply. This is because Japan is an aging society and skilled employees are not easily replaceable - and the rest of the developed world is now in the same boat. The charts below show the real US economic numbers based on surveys (leading indicators). Its going down like the Titanic! (Suggest reading the whole article here ).
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