The chart of the week is courtesy Mike Shedlock via SafeHaven and looks at real Gross Domestic Income (GDI) in the US. Every time GDI has turned negative we have had pretty significant slowdowns or recessions. The GDI has just entered negative territory indicating another major slowdown is just around the corner:
Troubled Times For Wine In 2023: Global Production And Consumption Shrinking
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In 2023, the world wine production declined by 10% to reach 237.3 million
hectolitres. Wine consumption also decreased as did world vineyard surface.
19 minutes ago