From J. Reeves in Palm Beach Daily:

Donald Trump says we’re in a bubble that’s leading to a “very massive recession”…

In a recent Washington Post interview, Trump suggested the U.S. stock market is overvalued. He said the Federal Reserve’s cheap money policy has created a new asset bubble.

He then warned of a severe economic downturn on the horizon.

It took no time before establishment economists began dismissing his predictions…

But a recent Zero Hedge article highlighted some interesting statistics the establishment isn’t addressing.

The U.S. Department of Commerce reports American factory orders dropped year-over-year (Y/Y%) for the 16th month in a row. (Last month also saw the lowest dollar total for factory orders – $454 billion – since the summer of 2011.)

Zero Hedge goes on to note: “In 60 years, the U.S. economy has not suffered a 16-month continuous year-over-year drop in factory orders without being in recession.”

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