With so much economic data being published every week, it can be difficult to see through the noise and identify trends that can help us determine what to expect in the near future. Chugging through the data, there are a number of troubling signs that point to high probability of a recession starting next year. In the U.S., the manufacturing sector has already stopped growing; income and personal savings are trending downwards, partly due to high inflation in prices for basic commodities like food and energy; and high government debt levels in the U.S. and Europe continue to increase.
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