Fasten Your Seatbelts: Five Late Cycle Warning Signs

Two weeks ago, we reported that according to the latest Bank of America Fund Manager Survey, no less than 74% of respondents answered that the global economy is in "late cycle:" the highest percentage in survey history, while at the same time respondents voiced the highest inflation expectations in over 13 years. As a reminder, when global growth turns south coupled with inflation you get "stagflation", and when the result is an abrupt halt to the "late cycle" economic expansion, recessions begins.

 

 

 

https://www.zerohedge.com/news/2018-04-08/keep-your-seatbelts-fastened-here-are-morgan-stanleys-five-late-cycle-warning-signs

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