HEY YOU! Its recession time! Here's why #Quinn

If you believe in a cyclical existence, as I do. You know that U.S. economic confidence has soared to the highest level ever recorded, it's almost scary. Dow 20k+ 

But there's a ton of key economic indicators to watch out for this year. If we dip our toes into the recession waters and it wouldn't surprise me. 

I've been bearish since 2011 calling for a major correction.

But just watched our government continue to pump billions of dollars into the economy to the tune of 30, 40 billion a month.

One of the key indicators to watch is called "average weekly hours." 

When the economy shifts into recession mode, employers tend to start cutting back hours, so if you notice that happening, start to think about where your value to the company you work for is... 

Then start doubling that value and pronto. 

Because that's just happened. biggest percentage decline in average weekly hours since 2008

Okay, cyclical,  What goes up must come down right?  Check this out

"U.S. Economic Confidence Surges To Highest Level Ever Recorded By Gallup.

Here are some of the main indicators that we're heading into a recession

#1 Nearly 7 out of every 10 Americans have less than $1,000 in savings.  That means that about two-thirds of the country is essentially living paycheck to paycheck at this moment.

#2 Reuters is reporting that U.S. mall investors are poised to lose “billions” of dollars as the “retail apocalypse” in this nation deepens.

#3 Credit card delinquencies have hit the highest level that we have seen since 2012.

#4 Approximately 35 percent of all Americans have a debt that is at least 180 days past due.

#5 The rate of homeownership has fallen for eight years in a row and is now hovering near a 50 year low.

#6 The total number of government employees now outnumbers the total number of manufacturing employees in this country by almost 10 million.

#7 The number of homeless people in New York City (where Donald Trump is from) has hit a brand new record high.

#8 About 20 percent of all young adults are currently living with their parents.

#9 Total household debt in the United States has now reached a grand total of 12.3 trillion dollars.

#10 The total amount of corporate debt in the U.S. has nearly doubled since the end of 2007.

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