Over a hundred years of data and very few exceptions.

#recession #deflation #inflation #retailsales #industrial #consumer 
US Industrial Production fell for the second month in a row, dropping the Fed's index below the same period a year ago. A negative yearly change in IP has accompanied all 18 of the economic contractions in the NBER's library. Only six times in over a century has IP been negative on an annual basis without any full-scale recession. 

Eurodollar University's Money & Macro Analysis

Bloomberg: Stocks Climb After Yellen Eases Recession Fears: Markets Wrap
https://www.bloomberg.com/news/articles/2023-07-16/asia-stocks-to-struggle-as-inflation-doubts-linger-markets-wrap

Bloomberg: US Industrial Production Decreased in June for a Second Month
https://www.bloomberg.com/news/articles/2023-07-18/us-industrial-production-fell-in-june-for-a-second-month

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