Deutsche Bank has projected a major recession in the US starting from late 2023 to early 2024. Why?
Things are not looking good for the US because the FED has to hike its FED rate aggressively and reduce the US liquidity significantly.
The latest GDP numbers also look gloomy.
Quarterly GDP: -1.4%
The Q1 2022 GDP has crashed to -1.4% from 6.9% in Q4 2021.
The significant drop in the GDP is not unexpected because the PMI and trucker rejection rate have dropped to a yearly low.
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