Stocks continue downward.. China is struggling... industrial production looks weak... Could the US economy be headed into a recession?
It is possible, since the economy did hit the effective demand limit last year, but I was thinking that the economy could bounce twice upon the limit like it did before the last recession. But maybe this time, the economy will head straight for the recession after hitting just once on the effective demand limit.
So is a recession currently forming in the US economy? I am putting up my yellow flag. I want to see the numbers from the 3rd quarter and then I want to see some numbers for October, like capacity utilization. But the hidden weaknesses of the economy are coming into the light.