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:
UAW Wins Last-Minute Deal At Daimler Truck Averting A Strike.
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A UAW strike against Daimler Truck North America was averted when the two
sides reached a deal shortly before the contract was due to expire.
25 minutes ago