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:
It is unlikely that we can avoid World War III | Martin Armstrong
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Piero Messina: Fukuyama advocated the end of history. Huntington spoke of a
clash of civilizations. Is it possible to imagine a third way?Martin
Armstrong:...
24 minutes ago