The Fed Knows Nothing.

For the last several months, I’ve been warning of a major shift in economic data. I published “The Economy is Slowing” more than two months ago and followed it with “Death, Taxes and the Fed Behind the Curve”. Well, even more concerning data has emerged in recent days and the “slowing economy” narrative has gone mainstream. There is even talk of a long-predicted recession finally emerging. I’ve included several key charts and data below to help explain exactly where we are in the economic cycle, where the unemployment rate will go from here and if you should expect a recession. Let’s dive in…