By: Spencer Schiff (@SchiffSpencer)
The recession narrative is suddenly catching on. That could spell major trouble for consumer spending and our economy as a whole.
Following the recent 2s10s inversion and subsequent stock market volatility, countless prominent news outlets have been reporting on the possibility of an impending economic downturn. The number of articles mentioning recession has spiked to a multi-year high. Even late-night talk shows, which garner millions of viewers, are covering the story.