
Getting a Lot of Early Signals Suggesting it Maybe In the Cards!
Recession - Is It Becoming A Real Possibility in 2015!
Historical Patterns Suggest It Is Time!!

Are We Still Allowed to Use the "R" Word??

EU Countries Have Been in Continuous Recession


Resulting Global Growth Problems Now Blatant
All the Commodity Economies are Now Hurting -Emerging Markets, South America, Australia, New Zealand and Canada


China Feeling The Pain - If You Look Under The Covers
1) IP & Power Production

2) Steel & Cement Production

3) Construction

4) Housing

The Catalyst - It's Always About Credit!


Maybe#1 chart to watch for 2015... The spread between 10-year UST & 10-year German Bund yields: *Red circles

Note The Recession Bars Above And Below & Red Circle Correlation
Historical Patterns Suggest It Is Time!!









