According to Deutsche Bank, four signals are in place that have been associated with US recessions in the past:
The US profit recession: US NIPA margins peaked in Q2 2014 and have been on a declining path for the past eight quarters. Since 1950, the average gap between a peak in margins and the start of a recession has been eight quarters (as falling margins typically lead corporates to cut back on hiring and investment);
This post was published at Zero Hedge on Sep 20, 2016.
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