Why A US Recession ‘Might Yet Arrive After All’

Albert Edwards suspects a US recession might be just around the corner. You could've written that sentence at any point over the last 30 years. I could be wrong about this -- and Albert will probably correct me if I am -- but I don't think there's been a single year going back three decades during which Edwards didn't suggest, at least once, that a recession was in the offing. On Wednesday, Albert pointed to the (admittedly tight) relationship between a key ISM manufacturing spread and earning

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