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:
Comcast Co. (NASDAQ:CMCSA) Stake Reduced by AIA Group Ltd
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AIA Group Ltd reduced its stake in shares of Comcast Co. (NASDAQ:CMCSA –
Free Report) by 32.6% in the fourth quarter, according to the company in
its most ...
3 minutes ago