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:
Miley Cyrus Seems To Have Another Smash Hit On Her Hands
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Miley Cyrus and Beyoncé's collaboration "II Most Wanted" from Cowboy Carter
dominates the U.S. iTunes chart, and it's poised for Hot 100 success.
43 minutes ago