Another odd recession indicator is the men’s underwear index. Alan Greenspan, who served as Federal Reserve chair from 1987 to 2006, followed this index, which assumes people treat men’s underwear purchases as discretionary spending and they’ll purchase less of it during recessions.

The tech billionaire has suddenly fallen out with Donald Trump, and the two are jousting on social media.

Former presidential adviser and confidante Elon Musk escalated his growing feud with President Trump by saying the president’s tariffs would result in a recession later this year. “The Trump

Musk’s recession prediction comes during a delicate at a time when the President’s economic agenda is the source of growing concern among executives, including JP Morgan Chase CEO Jamie Dimon, who warned last week of a “crack in the bond market” as investors get skittish about the fiscal solvency of the U.S.

Elon Musk and Donald Trump’s alliance continues ... “The Trump tariffs will cause a recession in the second half of this year,” Musk wrote on X Thursday afternoon. It marks Musk’s biggest ...