Yesterday when I was surfing the financial channels I heard a voice that said “We do not expect a Recession, soft landing or otherwise”.

Get ready, Fun facts below – source Primerica Q2 survey Middle-Income:

• 76% cutting back on non-essential purchases
• 36% using their credit card more often
• 71% say income falls short of cost of living

Industrial Production and Capacity Utilization

Think 100% is a factory working 24 hours a day. Currently we are at 78.9% slight drop from last month. This decline directly correlates with the buying activity of consumers.

Below you can see the 2008 Global financial crises and the 2020 pandemic affect on capacity usage.

Happy Tuesday, and always feel free to reach out.