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:
Diamond Leader De Beers Will Be Sold If BHP Acquires Anglo American
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BHP’s share-swap takoever bid for mining industry rival Anglo American will
struggle to succeed but if it does De Beers will be sold.
20 minutes ago