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The Phrase that Initiates Recessions

The Phrase that Initiates Recessions It Can’t Get Any Worse? On Friday, shortly after the release of the payrolls report, we asked half in jest whether the time had finally come for the market to interpret bad news as bad news, and not as an opportunity to speculate on more central bank largesse. As someone remarked to […]

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US Recession Imminent As Factory Orders Plunge For 8th Consecutive Month

US Recession Imminent As Factory Orders Plunge For 8th Consecutive Month For the 8th month in a row, US factory orders fell YoY. Down 6.2% in June, this is the longest streak of declining factory orders outside of a recession in history. MoM, factory orders rose 1.8% – as expected – the most since May 2014 […]

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2 Things That Are Happening Right Now That Have Never Happened Outside Of A Recession

2 Things That Are Happening Right Now That Have Never Happened Outside Of A Recession If we are not heading into a recession, why does our economy continue to act as if that is precisely what is happening?  As you will see below, we learned this week that factory orders have declined year over year for […]

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Olduvai IV: Courage
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Olduvai II: Exodus
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