According to the findings of Zerohedge and SocGen, The U.S. economy is in recession, if the consumption part is taken away and they argue that it is not like that the consumption is driving the economy but it is temporarily supporting it, similar to 2007, just before the crash.


German Industry Employment Falls to Lowest Level in a Decade
German Auto Suppliers Turn Bearish as Investment and Jobs Shift Overseas
Oil Prices Drop as U.S.-Iran Peace Deal Eases Supply Concerns
Myanmar Economic Outlook Hit by Fuel Price Shock as World Bank Cuts Growth Forecast
US-Iran Ceasefire Deal Extends Peace Talks and Eases Oil Trade Restrictions
Global Motor Oil and Auto Paint Shortages Persist Despite Potential U.S.-Iran Peace Deal
Japan Signals Readiness to Intervene as USD/JPY Nears 161 Amid Yen Weakness
Asian Currencies Stabilize as Dollar Holds Near Two-Month High After Fed Hawkish Signal




