Global View September 2015: Is America Heading for Recession?

by Michael J. Howell10. September 2015 18:27

Could 2016 be a US recession year? Still probably unlikely, but never say never. Latest US liquidity data suggest that the trends still point down. The US Fed is engaging in a ‘silent tightening’ of liquidity ahead of its likely September rate move; net foreign flows are reversing, admittedly more through Americans buying overseas assets, and private sector liquidity is on a downwards trajectory.


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