Bank of America shares 12 charts that show that the economy is about to enter a full-blown recession
US Treasury 2-year/10-year yield curve has steepened from -110 basis points to -50 basis points in past 4 weeks," BofA said."Oil prices historically rise into recessions and decline during recessions. Latest OPEC+ output cuts underscore recession concerns, with limited upward pricing pressures from China reopening so far," BofA said.
Should May SLOOS report show drop in loan availability to -10 or below=unambiguous credit crunch," BofA said. "Bank lending in Eurozone down three months in a row . $14 trillion Eurozone economy highly dependent on bank credit," BofA said."Falling US job openings=weaker labor market=lower Fed funds rate.
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