John Mauldin: 2 Charts Reinforce A Recession In 12–18 Months

ORIGINAL SOURCE: MAULDIN: These 2 Charts Reinforce My Belief That We’ll Face A Recession In 12–18 Months by John Mauldin of mauldineconomics.com on 8/23/17

Consumer spending is far lower than it should be at this point within the cycle. Debt being one factor. The New York Federal Reserve Bank just updated its consumer debt chart, giving us greater knowledge of the breakdown.

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