No one can say they didn't see this recession coming. It is so obvious. It is everywhere.

I agree. And if you combine that with the unemployment cycles, bingo! You've unlocked 90% of macro.

No one can say they didn't see this recession coming. It is so obvious. It is everywhere. pic.twitter.com/W4T9GC13Tt

— Valentin Teruggi (@valentin_macro) January 22, 2026

See also If Donald Trump is to blame for Canada being in a recession, WHY is no other country in a recession? WHY is MEXICO not in a recession??

See also Netanyahu casually orders US troops into Iran to grab uranium while Hormuz blockade spikes gas prices and locks recession in