Please read the quote from MarketWatch.com below and guess why this is bad.
“U.S. mergers & acquisitions activity is on track for a record month in May, with $241.6 billion of deals already announced, topping the previous record of $225.8 billion announced in May 2007, according to Dealogic data.”
ANSWER: The previous record was just before the Great Recession.
Specifically, eighteen months later the Dow Jones Industrial Average (DJIA) was worth almost half of what it was in May 2007.
Here is a summary of why a recession is coming in plain English.
Thanks to Team-Studer.net for the photo.