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A global recession now seems baked in the cake.

The definition is a bit obscure, however.

Some define a global recession as global growth less than 3.0%. Some say less than 2.5%. And some say it's growth under 2.0%.

I suspect it is irrelevant which definition one uses.

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Economic Madness

Global recession talk picked up as Trump Imposes Tariffs on Mexico Over Immigration.

Mexico is the US' third largest trading partner.

These tariffs are madness.

Mike "Mish" Shedlock