Loading ...100% Chance of a Recession Within Next 12 months – Jim Reid
The charts in this article are sobering. Jim Reid covers it all. Interest rates, housing, S&P Valuations etcetera. And his charts are painting a picture so damning that you would have to be in a coma to not understand that a dark period approaches. Jim is talking recession here and he is obviously being conservative. In fact the first chart in the series is money supply growth and its comparison to similar periods in history. The most recent contraction of the money supply similar to today happened during the Great Depression itself.
Think about that for a moment. What is taking place right now is without precedent in the last 90 years.
You chartists will appreciate this article from ZH. Its a heads up others won’t understand.
2025 to 2028 for the Depression.
We get to see one last hurrah, going into late 2024/early 2025.
IMHO we need a global depression, to clear the decks.
Sounds about right to me. My crash indicator is set for the summer of 2024 so be on guard anytime after May. It will be UGLY and stay ugly for at least two years.
I now see the rise since October 2022 as a cyclical bull market. It is in its 8th month now. The model is what we saw after the 1966 peak. Perhaps a series of cycles eventually ending in a crack up/