Authored by Charles Hugh Smith via OfTwoMinds blog,

The smart money is selling, of course, for the clanging indicators are the dinner bell announcing the banquet of consequences has been served, and Nemesis doesn't want the meal to get cold.

Correspondent Wilson R. Logan kindly shared his list of 17 indicators of globally synchronized recession. In my view, each is an alarm bell clanging loudly. As Wilson put it, "recessions have very clear indicators. We've all known it was coming and we've all had a long time to think about it."

For context, recall that the global economy is a tightly bound, highly integrated system, which means disruptions in one subsystem quickly ripple though the entire system. Disruptions tend to amplify one another, creating a cascading effect much like an avalanche: everything looks perfectly stable until the entire mountainside gives way.