"Stealth Recession" - The Mystery Of The Teleporting Commuter
Via ConvergEx's Nicholas Colas,
The game is afoot: call it the “Mystery of the Teleporting Commuter”. Starting in October 2016, the amount of gasoline supplied to the US market started to decline on a year over year basis. This negative trend accelerated in January, leaving both energy analysts and macroeconomic pundits to wonder if the US has entered a stealth recession.