​”Something Went Totally Nuts” At BLS But Labor Market Indicator Still Strongly Suggests Recession – Tyler Durden

“Something Went Totally Nuts” At BLS But Labor Market Indicator Still Strongly Suggests Recession Authored by Mike Shedlock via MishTalk.com, McKelvey-PMES Recession Indicator Weakens Slightly but Signal Still Firm The McKelvey-PMES recession indicator dipped a bit in September but the signal still implies recession. 100 percent of the time, with no false positives or negatives, under current conditions, the economy has been in recession. The odds are not 100 percent because the NBER sets recession dates, not these charts. What is the McKelvey Recession Indicator? Take the current value of the 3-month unemployment rate average, subtract the 12-month low, and…  — Continue at ZeroHedge News : Read More