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This is our "HISTORICAL ANALOG" in our #DemocratizingMacro
Instead of GUESSING which period today resembles, we have gathered close to ONE million data points.
And the verdict is clear!
We are in LATE PHASE OF THE BUSINESS CYCLE i.e. Recession is coming!
And looking broadly at the Economy, the current period resembles Q4 1999 and evenly Q3 2007.
There can be no debate about that.
THIS IS DATA-BASED FACTS.

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