The Macro Brief: U.S. Recession Watch, Real PCE Collapsing & Yuan Falls Quickiest Since 2018
Where Macro Meet Markets
This week has been an interesting one. A lot of what I’ve written about is coming to fruition. Unfortunately, that’s bad news for the global economy.
The advanced Q1-22 GDP print came in at an “unexpected” -1.4% However, readers know that I’ve been forecasting a Q1/Q2 recession in the U.S. since October 19, 2021.
Five lonely souls were on record for a neg…