kingmudsy:
“There is no end in sight to this slowdown, the recession risk is real,” Torsten Slok, chief economist at Deutsche Bank said in a note on Tuesday following the report...“Purchasing managers are telling stock market investors to get out,” Chris Rupkey, chief financial economist at MUFG Union Bank, said in a note. “Run. Run for your life. Get out while you can. The outlook is darkening and the thunder is growing louder by the day.”
Yikes. We're officially the lowest we've been since the 2008 recession, and the experts are telling us this downward trend is likely to continue. The writing on the wall is clear: The next recession is coming, and it's coming soon.