There are mounting signs that all is not well with economic growth prospects in 2016. Here are 3 charts that point to a looming recession (we could have added many more….):
- We are witnessing a drop in rail data that has historically always either coincided or slightly preceded recessions
- Consumer spending growth is set to slow to a trickle
- Dr. Copper plunged below $2/lb this morning – the last time copper prices were this low was during 2009 when the economy was in recession
