Another warning light is blinking on the dashboard of the US economy. This time it is the inflation-tied Consumer Price Index (CPI) which has the bears scurrying for their bomb shelters. David Rosenberg, a so-called perma-bear, was filling Twitter feeds with his unique brand of doom and gloom for the Dow Jones and wider US stock market. Gluskin Sheff Economist: CPI Data Portends Recession Today's CPI data confirmed that the peak in core inflation has been turned in. The YoY trend peaked either just ahead of the last three recessions or just as it was getting started. The NFIB index
The post Dow Jones Perma-Bear: CPI Just Flashed a Major Recession Signal appeared first on CCN
* First published on ccn.com
