Australian Economy Australian interest rates

The stock market won’t warn you a recession is coming

Friday 7 July 2023

Deutshe’s Jim Read with some terrific charts for those relying on the stock market to tell them a recession is imminent.

History says to ignore stocks and believe in credit, which is telling you one thing. Recession is coming:

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About the author

David Llewellyn-Smith is Chief Strategist at the MB Fund and MB Super. David is the founding publisher and editor of MacroBusiness and was the founding publisher and global economy editor of The Diplomat, the Asia Pacific's leading geo-politics and economics portal. He is also a former gold trader and economic commentator at The Sydney Morning Herald, The Age, the ABC and Business Spectator. He is the co-author of The Great Crash of 2008 with Ross Garnaut and was the editor of the second Garnaut Climate Change Review.