US EditionAn Abrupt and Cascading Dislocation
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An Abrupt and Cascading Dislocation
By John P. Hussman, Ph.D. – Hussman Funds I’ve regularly described the period since early 2022 as the extended peak of the third great speculative bubble in U.S. history. As I noted in the April comment, Humpty Dumpty was Pushed, I believe that process is now complete. As discussed in that comment, our Recession Warning Composite also now indicates the likelihood of an oncoming recession in the U.S. economy.
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