The answer I would reply for the above question is that I don't know. I hope not! The stock market of the past few days suggests not! But based upon this article by Michael Snyder, perhaps so. He makes a good case on his website .here
Of the items Mr. Synder elucidated, here are a few that startled me:
According to the Federal Reserve Bank of New York, the probability that a recession will happen within the next 12 months is now the highest that it has been since the last financial crisis.
Major U.S. retailers continue to shut down more stores, and we have continued to stay on a pace that would break the all-time record for sThe total number of bankruptcy filings in the United States has been steadily shooting uptore closings in a single year.
For the complete list, I recommend Mr. Synder's entire article.
