What the ‘Chart of Doom’ is Saying About a Global Recession
Monday, February 8, 2016 16:42
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Only China and U.S. stand between global economy and the Seneca Cliff
by Sue Chang
Market Watch
“Three down, two to go.”
That is the sub-heading on a chart shared by author and blogger Charles Hugh Smith intended to illustrate the global economy’s precarious footing.
The Chart of Doom from Market Daily Briefing, a site devoted to charting economic indicators from around the world, shows credit dropping off in the U.K., Japan, and the eurozone while remaining expansionary in the U.S. and China.
“Once private credit rolls over in China and the U.S., the global recession will start its rapid slide down the Seneca Cliff,” wrote Smith in a post on his blog ‘Of Two Minds.’
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Source: http://financialsurvivalnetwork.com/2016/02/what-the-chart-of-doom-is-saying-about-a-global-recession/?utm_source=rss&utm_medium=rss&utm_campaign=what-the-chart-of-doom-is-saying-about-a-global-recession
