gm NOSTR 🤙 do you know about the "Lipstick Indicator" for predicting recessions?
Discussion
So where are we at right now? Recession or no recession? Already in a recession?
Recession? We have been in outright depression... M3 has been outpacing GDP since the 90's
Also if you exclude the unproductive or "rent seeking" economic activity (financial sector, much of real estate, insurance, and all government expenditure) you have a tiny percent of that GDP... many 25% of what they claim.
Legend 💋