Commercial and industrial loan creation just crashed to 1.6% yoy gains. In January it was at 8%.
Auto loan growth is crashing as well.
Latest article from zerohedge
http://www.zerohedge.com/news/2017-06-10/us-weeks-away-recession-according-latest-loan-data
And also a very intriguing sell-off in the tech sector last friday.
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I also learnt from zerohedge that this kind of sell off last happened in 1999.
http://www.zerohedge.com/news/2017-06-09/big-5-tech-firms-account-55-nasdaq-gains-2017-goldman-warns-valuation-air-pocket
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I find this news concerning . Hopefully it will be short term while they get some policy or administrative crap ironed out.
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It will be interesting to see, since the timing of a confluence of events seem to coincide, if this huge precious metals predicted buy happens as well.
https://steemit.com/gold/@motowngold/important-event-in-precious-metals-king-world-news-audio-tampered-with-about-predicted-price-explosion-in-26-days
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