U.S.

Evidence is mounting that we're hurtling head-first into a recession

Posted On: Jan 16, 2019   |   Posted By: Business Insider

Evidence is mounting that we're hurtling head-first into a recession

An increasing amount of evidence is piling up to suggest we're headed for an economic recession.
UBS estimated in September that there was a record $4.3 trillion in lower-quality corporate loans and high-yield bonds.
Economic data is pointing downward and investor sentiment is turning negative.
Driving the news: Perhaps most worrisome is the massive pile of highly leveraged debt that continues to grow. Bank of America-Merrill Lynch's monthly survey of fund managers finds that, for the first time since 2009, corporate leverage is the top concern among investors surveyed.
52% of investors said they expect global profits to deteriorate - the most since 2008.
60% surveyed say global growth will weaken in the next 12 months, levels not seen since the financial crisis.
U.S. manufacturing activity dropped in December by the most since October 2008.
2018's Treasury auctions saw the weakest demand since 2008, Bloomberg reported earlier this month.
The yield spread between 2- and 10-year U.S. Treasury notes is the...

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