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Key Recession Indicator Gives Stronger Recession Signal In August | ZeroHedge

Authored by Mike Shedlock via MishTalk.com,

A modified McKelvey recession indicator with no false positives or false negatives since 1953 suggests we are in recession now.

100 percent of the time, with no false positives or negatives, under current conditions, the economy has been in recession.

What is the McKelvey Recession Indicator?

Take the current value of the 3-month unemployment rate average, subtract the 12-month low, and if the difference is 0.30 percentage (more…)

Continue ReadingKey Recession Indicator Gives Stronger Recession Signal In August | ZeroHedge

Saudi Economy Chalks Up ‘Robust’ Growth As MbS Sits Out Of Regional Conflicts | ZeroHedge

Via Middle East Eye

Saudi Arabia’s economy has powered ahead despite Israel’s war in Gaza and Houthi attacks in the Red Sea, suggesting that the kingdom’s efforts to distance itself from regional tensions are paying off, literally. "Geopolitical events in the Middle East have not had any major impact on the Saudi economy so far," the International Monetary Fund (IMF) said in its latest report published on the kingdom’s economy.

The report says that Saudi oil (more…)

Continue ReadingSaudi Economy Chalks Up ‘Robust’ Growth As MbS Sits Out Of Regional Conflicts | ZeroHedge