Steen Jakobsen: 60% Probability Of Recession In The Next 18 Months

This is a conversation with Chief Investment Officer and Chief Economist at SaxobBank.

Steen focuses on the global and Chinese credit impulse. He is bearish on Chinese growth based on his visit and the credit growth numbers.

Zerohedge also recently published charts from several major banks that track the credit impulse numbers.

Why The (Collapsing) Global Credit Impulse Is All That Matters: Citi Explains