The Economic Cycle Research Institute, which claims a perfect recession-forecasting record, says an economic contraction is imminent. “We have not seen a slowdown where year-over-year payroll job growth has dropped this low without a recession,” ECRI states in a May report.
If, or when, the U.S. (and/or the global) economy does start to contract, commodity prices will tumble because of three factors…..
via The Threat From a Recession | News | News and Events | ECRI.