This thread is geared towards aggregating all the news that is effectively pointing to the coming global recession amongst developed and developing countries due to a wide variety of factors (Covid, Ukraine, Brexit, Politics, Food, Commodities, China etc) that are now beginning to coalesce and impact their respective economies.
So basically, its a twist on the “you cannot time the market…but” thread.
News that is likely relevant is…
Credit stresses (property, loans, private etc.)
Inflation (food, commodities etc)
Cost of Utilities
Cost of Housing
Feel free to insert other news that you find relevant with a brief explanation as to why.
Credit Defaults (personal/mortgage)
Canada’s big banks log 13-fold rise in loan loss provisions - Canada’s big banks log 13-fold rise in loan loss provisions | Financial Times via @FT
Mortgage Defaults (fast rate rises)
Very high food inflation
Stagnant economic growth
Jeremy Hunt backs more UK interest rate rises despite recession risk - Jeremy Hunt backs more UK interest rate rises despite recession risk | Financial Times via @FT