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.”