Global Warming Is Due To Man-Made Bullshit

Fortunately, the cure just happens to be man-made bullshit...

Economists have never predicted one recession ahead of time. This time will be no exception, since the casino is now the economy. The fake wealth effect is the only thing propping up consumption...

Here below is the Fed's leading index which is slightly less recent, but same idea: https://fred.stlouisfed.org/series/USSLIND

I would draw your attention to Y2K and what happened to the "leading indicators" when that bubble burst. All of a sudden leading indicators became crashing indicators:

The stock market has been massively manipulated in this cycle in order to fabricate the all-important fake wealth effect. No surprise, the stock market no longer resembles anything close to economic reality. Economists relying upon lagged sentiment indicators and the stock market itself, are trapped in a moronic feedback loop of their own making. They are now driving forwards by looking backwards. Tax-cut driven economic forecasts ginned stock prices higher, creating a greater wealth effect, resulting in even more bullish economic forecasts. The chasmic gap between reality and fantasy is so wide that it can only be abridged with a mega crash. There is not enough liquidity to contain the pent up selling.

And yet there are already cracks in the facade, not detected by the blistering hot "leading index":

"The decline was concentrated among households in the bottom third of the income distribution, the University of Michigan said. And the concern was rising prices."

The cure for high prices, is ignorance and denial

"[TOKYO] Oil prices fell on Friday, with US crude heading for a seventh weekly decline amid increasing concerns about slowing global economic growth that could hit demand for petroleum products as inventories build."

Don't expect the back half of the year to be like the first half...

In summary, Go Daddy is a leading indicator...