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:
Evergrande Founder Hui Fined For Falsifying $78 Billion In Revenues
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The founder of troubled property developer China Evergrande is fined by the
country’s securities regulators for financial fraud to inflate the group’s
reve...
13 minutes ago