
Shivers run down Wall Street as the old saying ‘history repeats itself’ echoes loudly.
Deutsche Bank has blown the lid off a secret that should have investors shaking in their boots, and America bracing for the next recession.
Jim Reid, a top dog at Deutsche Bank, has just unveiled 323 years (Yes, you read that right: THREE CENTURIES) of economic data, sounding the alarms that the doomsday clock is ticking.
While most were worried about this year’s fluctuations, Reid has looked beyond, tracing patterns from as far back as 1700.
And let me tell you, the news isn’t good.
If you think America is the land of growth, think again.
Out of the G7 nations (including the likes of Canada, Germany, and Japan), America has had a roller-coaster history with the most recessions over the last century.
But here’s the kicker: Reid and his whiz team claim that these ups and downs might actually be GOOD for the economy in the long run.
The heart-stopping revelation?
Recessions may become our new norm.
Governments used to let economic cycles do their thing, but recently, the bigwigs in power have been going all out to dodge the bullet.
Remember the days of the gold standard?
Since waving it goodbye, America has been on an artificial high, shielding the economy from what nature intended.
The result?
While we used to experience a flurry of recessions every few decades, we’ve seen a mere FOUR in the last 40 years.
But such luck might be running dry.
The clock’s last ticks might just be in view as Reid spotlights four major signs that recession is near.
With the surge in oil prices completing this terrifying collection, the chances of the US plunging into a recession now sit at a mind-blowing 76%.
The message?
Hang onto your wallets and guard your portfolios, because if Reid’s epic deep dive into the past tells us anything, it’s that we might be on the cusp of an economic apocalypse.
America, history is knocking. Are you ready?