(Dan here….another one from NDd)
My Weekly Indicators post is up at Seeking Alpha. The old vaudeville sketch comes to mind: “Niagara Falls. Slowly I turn. Step by step ….”
Not only are these weekly posts intellectually edifying, but since clicking over and reading it puts a penny in my pocket, it is the epitome of polite etiquette.
With the current level of Iran saber-rattling $90 per barrel of oil is not out of question for the forth quarter. For the US economics that might means sliding into recession.
It things turn negative at the end of the year, the existence of inflated stocks of tech companies with zero profit will create an opportunity for the dot-com style “mini-crash” in 2019.