Recession?
Are we headed into a recession in 2016-2017? The decline in the key drivers of economic growth say yes: Business fixed investment has declined by an annualized 4% over the past two quarters. Business equipment and software declined 5%. Non-residential structures dropped almost 8%. Employee layoffs. “U.S.-based companies announced 65,141 job cuts last month (April), up 35 percent from March.” Boeing plans to layoff 8,000 employees – 10% of its workforce. Intel plans... Read More
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