Over the last 45 years, such a spike has always coincided with a recession.

⚠️US ECONOMY HAS:

1) 1 MILLION full-time jobs lost in a year

2) ALL JOBS REVISED DOWN BY 818K for the 12 months through March 2024

3) 452 BIG bankruptcies in 2024, 2nd most in 14 years

4) $2.1tn excess savings gone in 3 years

5) $35.3T DEBT – record👇t.co/uPmnoHiZaB

— Global Markets Investor (@GlobalMktObserv) September 24, 2024