VIX, measuring stock market volatility, last spiked this much in 2007.
Coincidence? This spike in VIX is predicting a recession (aka the pits) much like it did in 2007.
The result is recession-deniers aka pundits are having fits. They are saying, “This can’t be happening.”
Meanwhile, believers in the predictability of VIX are saying “It is deja vu all over again. (Thanks to Yogi Berra)
Here are some other signs of a possible recession.
Here is how to prepare yourself.