This is your leading recession indicator.
America is maxing out it's credit.
Discussion
Bitcoin rulez.
Needs log scale
Leading indicators are rare in economics but this one is pretty reliable.
Credit runs out. Consumer spending slows. Layoffs start. Defaults ensue. This all cascades into a recession pretty quickly.
Then comes rate cuts and more money printing. Massive spending bills and federal debt out the wazoo.
...and then consumer spending slows.
Tick tock...
https://www.thestreet.com/retail/wayfair-ceo-flags-alarming-change-in-consumer-behavior