GLOBAL RECESSION UPDATE JUN 5th: Global Auto Sales Continue To Collapse & U.S. Retail & Housing Inventories Explode Higher

The U.S. and global economy are heading towards a massive recession while the broader stock markets continue to believe in GREEN SHOOTS and HOPIUM.  Not only are U.S. auto sales down considerably this year, they just simply COLLAPSED in May.  Also, the popping of the Mighty U.S. Housing Bubble has begun as home inventories are now back on the rise.  This all points to a large Disinflationary Wave…

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