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2016-02-09

What the ‘Chart of Doom’ is saying about a global recession, Chang

The Chart of Doom shows credit dropping off in the U.K., Japan, and the eurozone while remaining expansionary in the U.S. and China. 

“Once private credit rolls over in China and the U.S., the global recession will start its rapid slide down the Seneca Cliff,” wrote Smith in a post on his blog ‘Of Two Minds.’

Seneca Cliff is a reference to Lucius Annaeus Seneca, a Roman philosopher who is credited with saying: “As it is, increases are of sluggish growth, but the way to ruin is rapid.”

Sue Chang, MarketWatch Feb 8, 2016

Doom at IntCom

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