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The stock market always takes a correction before a recession. As the stock market is at record highs, we cannot have a recession.
The stock market is based on stock buybacks. Trump hates stock buybacks and so does Icahn, his new adviser.
They want real company investment. Problem is there could be problems with that if there is no end demand.
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http://www.talkmarkets.com/content/bonds/trump-shock-selgincoppola-and-lambert?post=116521&uid=4798
We have the potential Trump Shock. And this Trump shock will be laid on top of that capacity utilization decline. And the decline has always led to recession from the '70s onward, according to the chart.
Chart don't lie.
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