Bloomberg analyst Mike McGlone says there are hints that a severe contraction of the American economy is approaching. The commodities expert says on the social media platform X that data is showing a dramatic plunge in home sales amid rising interest rates, a situation similar to the 2008 financial crisis. McGlone’s chart shows that the The post Ominous Indicator Suggests US Economy Heading Toward Severe Recession: Bloomberg Analyst appeared first on The Daily Hodl .
