Forward-Looking Data Show Growing Risks of Recession

In our latest Big Picture podcast (see The Recession That Isn’t), Jim goes through a large number of indicators that show economic growth has weakened and also repeated his forecast for a possible US recession in 2017 based on current economic and financial trends.
Here’s a look at our own recession model, which is sitting at some of the most elevated levels we’ve seen during this entire economic cycle. At a few points below 20, it is very close to crossing into recessionary territory.

This post was published at FinancialSense on 09/12/2016.