Of course it's possible I have misinterpreted the meaning of:
"the US economy is on crutches, and they are about to be kicked away"
From ZeroHedge:
One month ago, when the first Q2 GDP estimate was released, we reported that if one strips away the consumer part of the economy, the US was already in a recession.
Overnight, In his latest letter SocGen's Albert Edwards picks up on
this topic
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