Haymaker Daily
On credit where it matters... and where it's due
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The U.S. stock market is clearly not pricing in a recession. Yet, the amount of economic data that is hitting levels only seen during, or on the verge of, downturns is piling up at a disturbing rate. The trend in Outstanding Consumer Credit is one important example. As you can see below, this goes all the way back to 1950, even before the elder, and elderly, Haymaker was born.