Restaurant sales and traffic have declined, reports are coming in that the retail industry, food and service industries are declining at a rapid pace.
Another Spanish bank might be on the verge of a bail-in, Liberbank is collapsing. Economic indicators are pointing towards a major crisis headed our way, loan creation has stalled and growth is declining. This is very concerning because this indicator has been right on the money since the 60's and now we are seeing the same signs every-time we enter a recession or depression.