Then we must be “peddling fiction…”

The market sees it coming…

The yield curve is collapsing…

And High yield bond risk knows its coming…

And the fundamentals are catching up…

Fed-driven mal-investment and over-production has once again led us to this cliff…

The overall earnings growth trend continues in its downtrend…

And despite all the balther about BLS-manufactured job “creation” – the fact is that the US labor force is weak and getting weaker…

Does it look like we ever “recovered” from the last recession?

Finally, to dismiss the “decoupling” meme, macro-economic data across the entire G10 is collapsing…

So – if it smells like a recession, sounds like a recession, feels like a recession, and looks like a recession… what else can it be? Apart from pure “fiction.”