Hello, fellow rebel capitals, hope you're well.

So I wanted to go over and check out a Zero Hedge article from Lance Roberts.

He does a lot of podcasts, my good buddy Adam Taggart over at Wealthion,

and they're talking about some specific data, some

metrics, some numbers that you only see when we're right before a recession and

as you can guess by the thumbnail,

we're seeing these types of data right now as we speak.

So let's get into exactly what we're talking about here.

And I know Snyder has been talking about this quite extensively as well.

It's this difference between GDP and GDI.

And I find this really fascinating because we get so focused on GDP that we forget about

GDI and at times or many times this is an actual better indicator of when you're in a recession.

So Lance starts, well this is kind of halfway down the article, but he starts this portion of the article.

Let's review the economic cycle equation once you get in the screen.

Okay, there we go. All right. So let's review the economic cycle equation again. You can see that right at the top production equals incomes

Equals consumption demand increase employment increase wages it is relatively simple economic concept that seemed to allude the vast majority of mainstream analysts seemingly the Federal Reserve itself.

However, there are two measures of economic activity.

Most common measures, GDP. This is the simple some personal consumption

expenditures business investment government spending and net exports.

So if we have a trade deficit you'd have to calculate GDP and subtract the trade deficit

or you'd have to add the trade surplus.

Okay, other less observed measures, GDI. Now again this is this measurement that we've talked about a couple times on this channel.

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