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The Daily Hodl 2023-09-11 20:00:53

Ominous Indicator Suggests US Economy Heading Toward Severe Recession: Bloomberg Analyst

Bloomberg analyst Mike McGlone says there are hints that a severe contraction of the American economy is approaching. The commodities expert says on the social media platform X that data is showing a dramatic plunge in home sales amid rising interest rates, a situation similar to the 2008 financial crisis. McGlone’s chart shows that the The post Ominous Indicator Suggests US Economy Heading Toward Severe Recession: Bloomberg Analyst appeared first on The Daily Hodl .

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