Inflation Nation

[Pro-Life]

U.S. Weeks Away From A Recession According To Latest Loan Data
by Tyler Durden Jun 10, 2017 6:54 PM

http://www.zerohedge.com/news/2017-06-10/us-weeks-away-recession-according-latest-loan-data

While it remains to be seen if C&I loans have preserved their uncanny "recession predictiveness" for yet another turn of the business cycle, the charts above confirm that the US economy is rapidly slowing, and validating the poor Q1 GDP print. Furthermore, one thing is clear: absent a substantial rebound in loan growth, whether for commercial, residential or auto loans, there is no reason to expect an imminent uptick in the US economy. We only note this, because next week the Fed plans to hike rates again. If it does so just as US loan growth contracts, it may be doing so smack in the middle of a recession.

There's more with charts at the link above...