Economy is heading into the white-knuckle part of the cycle - The Australian Financial Review

The sell-off in commodity markets is the latest sign that investors are expecting the US central bank’s rate hikes will push the world’s largest economy into recession.

Rosenberg pointed out that in the past 50 years, a market decline of 20 per cent has presaged a recession precisely 100 per cent of the time. But Rosenberg who thinks that the US economy has already… [+5823 chars]

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