Recession Watch with Fexingo: Economic Cycles, Indicators, and What Slowdowns Mean

This episode of Recession Watch with Fexingo examines a counterintuitive recession signal: rising labor force participation. While a growing workforce seems healthy, Lucas and Luna explain that when participation rises during a slowdown—as it has in recent months—it often masks underlying weakness. They anchor the discussion in the latest data: the unemployment rate holding at 4.3 percent while job openings surged to 7.6 million in April, and the yield curve still inverted but now at just 27 basis points. They explore why more people entering the job hunt can actually signal that households are feeling financial strain, pulling spouses and retirees back into the labor market. The hosts contrast this with past cycles, like the 2001 recession and the early 1990s downturn, where participation rose right before the economy tipped. They also tie it to current credit card delinquency trends and the VIX creeping up to 16.4. A specific, data-rich conversation for anyone tracking recession odds in mid-2026. #LaborForceParticipation #RecessionSignal #EconomicIndicators #JobMarket #Unemployment #JOLTS #YieldCurve #VIX #HouseholdFinances #CreditCardDelinquencies #FederalReserve #KevinWarsh #Economics #Business #FexingoBusiness #BusinessPodcast #RecessionWatch #LaborMarket Keep every episode free: buymeacoffee.com/fexingo

Episode 60 of Recession Watch with Fexingo drills into the quits rate—the share of workers voluntarily leaving their jobs—as a leading indicator of economic confidence. Hosts Lucas and Luna examine how a rising quits rate signals a tight labor market and worker optimism, while a falling quits rate often precedes a downturn. They analyze the latest JOLTS data showing job openings jumped to 7.6 million in April 2026, but the quits rate remains historically low at 1.9%, unchanged for months. Lucas explains that quitters tend to quit for better pay or opportunity, so when that number drops, it suggests workers are 'hunkering down'—a pattern that preceded the 2001 and 2008 recessions. Luna challenges whether the current low quits rate reflects genuine caution or structural factors like demographic shifts and remote work. The episode connects to broader Fed uncertainty under new chair Kevin Warsh, who faces a divided committee and an economy with slowing GDP growth but still-tight labor markets. A natural donation segment appears around the 75% mark, tied to the show's listener-supported model. The episode concludes with Lucas noting that if the quits rate stays low through summer, it may be the most reliable recession signal yet. #RecessionWatch #Economics #JobQuits #QuitsRate #JOLTS #LaborMarket #GDP #KevinWarsh #FederalReserve #YieldCurve #Unemployment #EconomicIndicators #WorkerConfidence #LucasAndLuna #Fexingo #FexingoBusiness #BusinessPodcast #EconomicCycles Keep every episode free: buymeacoffee.com/fexingo

In this episode of Recession Watch, Lucas and Luna examine a worrying trend in consumer credit: credit card delinquencies are rising even as job openings and hourly earnings improve. They dig into the latest data, including April JOLTS figures showing job openings up to 7.6 million and initial jobless claims ticking higher to 229,000. Lucas explains why the divergence between strong headline jobs numbers and deteriorating household balance sheets has historically been a reliable recession signal. They also discuss how the shift in credit card usage from convenience to revolving debt mirrors patterns seen before the 2008 financial crisis and the 2020 pandemic recession. With the unemployment rate holding at 4.3 percent and real GDP growth just 1.6 percent, the hosts explore whether the economy is heading for a consumer-led slowdown. Plus, a brief reflection on why ad-free economic analysis matters and how listeners can support the show. #CreditCardDelinquencies #RecessionSignal #ConsumerDebt #JOLTS #JoblessClaims #HouseholdBalanceSheets #EconomicSlowdown #RecessionWatch #FexingoBusiness #BusinessPodcast #Economics #ConsumerSpending #FedPolicy #LaborMarket #GDPGrowth #DelinquencyRate #CreditCycle #LucasAndLuna Keep every episode free: buymeacoffee.com/fexingo

Lucas and Luna dig into a recession indicator that doesn't get as much attention as the yield curve or jobless claims: factory orders ex-transportation. With the S&P 500 hitting new highs and the VIX below 17, it's easy to ignore the manufacturing side of the economy. But new data from the Census Bureau shows core capital goods orders have declined in three of the last four months, and the Institute for Supply Management's new orders index has been contractionary for eight straight months. Lucas explains why this matters — and why the stock market's calm might be masking real weakness in industrial production. Luna pushes back on whether this is just a manufacturing recession or a broader signal. They also discuss the role of the Iran conflict and energy costs in distorting the headline numbers. A focused, data-driven look at one of the quieter recession signals the market is ignoring. #FactoryOrders #ManufacturingRecession #ISMIndex #CoreCapitalGoods #IndustrialProduction #RecessionSignals #EconomicIndicators #SupplyChain #EnergyCosts #IranConflict #CensusBureau #DurableGoods #BusinessInvestment #FexingoBusiness #BusinessPodcast #RecessionWatch #Economics #SlowdownSignals Keep every episode free: buymeacoffee.com/fexingo

Episode 57 of Recession Watch with Fexingo examines an unusual recession indicator: rising job openings. With the latest JOLTS data showing 7.6 million openings in April 2026, up from 6.9 million in March, Lucas and Luna explore why a tight labor market can actually precede a downturn. They discuss the 'labor market churn' phenomenon from past cycles, the role of energy cost shocks from the Iran conflict, and how the Fed's response creates a lag that blinds forecasters. Using specific historical parallels, they argue that the market's current rally (S&P 500 at 7,511) may be ignoring this structural risk. A must-listen for anyone watching the yield curve inversion and unemployment divergence. #RecessionSignal #LaborMarket #JOLTS #JobOpenings #Economics #FexingoBusiness #BusinessPodcast #RecessionWatch #FederalReserve #YieldCurve #Inflation #EnergyCosts #IranConflict #SP500 #Unemployment #HiringSlowdown #EconomicIndicators #LaborChurn Keep every episode free: buymeacoffee.com/fexingo

Lucas and Luna dig into a recession indicator that often flies under the radar: spot trucking rates. As of mid-June 2026, spot rates for dry van trailers have fallen 12 percent year-over-year, while contract rates are starting to slip. The hosts explain why trucking is an early-cycle bellwether for consumer demand and industrial activity, and what the current data suggests about the health of the economy. They tie the numbers to the recent jump in wholesale prices and the uptick in jobless claims, showing how a seemingly niche freight metric can offer a clearer window into economic slowdowns than broader indexes. The episode walks through how trucking rates behaved before the 2008, 2020, and 2022 downturns, and what makes the current pattern different or similar. Lucas and Luna also discuss the role of fuel costs and the new ECB rate hike in shaping the freight outlook. A concrete, data-driven look at a recession signal you won't hear on the nightly news. #Trucking #Freight #Recession #Economy #SupplyChain #SpotRates #ConsumerDemand #IndustrialActivity #JoblessClaims #WholesalePrices #ECB #FuelCosts #Logistics #CassFreightIndex #DryVan #Business #FexingoBusiness #BusinessPodcast Keep every episode free: buymeacoffee.com/fexingo

Episode 55 of Recession Watch with Fexingo dives into a lesser-known recession indicator: the surge in credit card credit limits. Lucas and Luna explain how banks have been aggressively raising limits on consumer credit cards since late 2025, despite rising delinquencies. They connect this to data on consumer debt and the latest CPI print showing 4.2% inflation. The hosts explore whether this availability of credit is propping up spending artificially, masking underlying weakness. They also discuss the ECB's surprise rate hike and what it means for global recession risk. A specific, data-driven look at why rising credit limits might be the canary in the coal mine for the next downturn. #RecessionWatch #Economics #CreditCardLimits #ConsumerDebt #Inflation #CPI #ECB #FederalReserve #HouseholdFinance #CreditRisk #EconomicIndicator #LendingStandards #RecessionSignal #Fexingo #FexingoBusiness #BusinessPodcast #LucasAndLuna #EconomicCycles Keep every episode free: buymeacoffee.com/fexingo

In this episode of Recession Watch, Lucas and Luna drill into the May 2026 wholesale price data released on June 11: a 1.1% month-over-month jump, driven by energy costs tied to the Iran conflict. They contrast this with the still-cooling consumer price backdrop and the ECB's surprise rate hike, the first since 2023. The hosts argue that the producer price surge may be the missing piece that shifts the recession narrative from 'soft landing' to 'stagflation risk.' Lucas walks through the transmission mechanism from PPI to corporate margins to hiring decisions, while Luna challenges whether this is really a new signal or just noise from one-off geopolitical shocks. They also touch on the yield curve spread at 0.39 percentage points, the VIX drop to 16, and what markets may be missing. A focused, data-driven conversation for anyone trying to read the economic tea leaves in mid-2026. #RecessionWatch #Economics #WholesalePrices #PPI #Inflation #EnergyCosts #IranConflict #ECB #RateHike #Stagflation #ProducerPrices #YieldCurve #VIX #SoftLanding #JoblessClaims #FexingoBusiness #BusinessPodcast #EconomicIndicators Keep every episode free: buymeacoffee.com/fexingo

Episode 53 digs into a recession indicator that has historically preceded every downturn since the 1970s: the Institute for Supply Management's Manufacturing PMI, specifically the New Orders minus Inventories spread. Lucas walks through why that spread has been negative for seven consecutive months as of May 2026 — something that hasn't happened outside a recession since the early 2000s — and why the S&P 500's record high at 7,431 may be ignoring this factory-floor reality. Luna challenges him on whether services sector strength and the Fed's recent pause change the signal's relevance. They also touch on how the yield curve uninversion in late 2025 and the VIX at 17.68 complicate the picture. Listeners get one concrete, non-obvious leading indicator they can track monthly, plus a reminder that 'this time is different' has been a dangerous phrase in economic forecasting. #ISM #ManufacturingPMI #RecessionSignal #NewOrdersMinusInventories #LeadingIndicator #FactoryFloor #SupplyChain #YieldCurve #VIX #SP500 #EconomicCycles #Slowdown #RecessionWatch #BusinessCycle #Podcast #Economics #FexingoBusiness #BusinessPodcast Keep every episode free: buymeacoffee.com/fexingo

Most recession watchers track unemployment, manufacturing PMI, or the yield curve. But there's a lesser-known leading indicator buried in the Institute for Supply Management's monthly reports: the vendor deliveries index. When suppliers slow down — and lead times stretch — it often signals that demand is overheating, not contracting. In this episode, Lucas and Luna dissect the ISM vendor deliveries data, compare it to the current economic backdrop, and explain why a slowing delivery index might actually be a bullish signal in mid-2026. With real GDP growth at just 1.6 percent, a 4.3 percent unemployment rate, and the 10-year Treasury at 4.45 percent, they explore whether vendor performance is flashing a false alarm or a genuine recession preview. #RecessionWatch #Economics #ISM #VendorDeliveries #SupplyChain #LeadingIndicators #Manufacturing #GDP #Unemployment #TreasuryYields #BusinessCycle #Inflation #FexingoBusiness #BusinessPodcast #LucasAndLuna #EconomicIndicators #Slowdown #PodcastEpisode Keep every episode free: buymeacoffee.com/fexingo

The job market looks solid on the surface: unemployment at 4.3%, payrolls growing, and JOLTS job openings just jumped to 7.6 million, their highest level in over a year. But Lucas and Luna dig into the ratio of job openings to actual hires — a metric that has historically turned down before recessions. They walk through the April JOLTS data, the quits rate that’s still below pre-pandemic norms, and why a high openings count doesn’t mean the labor market is strong if companies aren’t filling those roles. Plus: a quick look at how the ECB’s surprise rate hike this week complicates the global recession picture. #JOLTS #JobOpenings #HiringRate #LaborMarket #RecessionSignal #EconomicIndicators #ECB #RateHike #QuitsRate #Employment #Inflation #FederalReserve #Economy #Economics #FexingoBusiness #BusinessPodcast #RecessionWatch #SlowdownSignals Keep every episode free: buymeacoffee.com/fexingo

Episode 50 of Recession Watch digs into the trucking industry as a leading indicator for economic downturns. Hosts Lucas and Luna examine why spot freight rates have fallen 20% from last year, how the Cass Freight Index is flashing warning signs, and what the recent jump in trucking bankruptcies means for the broader economy. With specific references to the Cass Shipments Index and the For-Hire Trucking Employment data from the BLS, they explain why this signal has preceded every recession since the 1990s. The conversation also touches on how the current environment differs from the pandemic freight boom and why investors should watch this space closely. Plus, a brief discussion on how listener support keeps the show ad-free. #Trucking #Recession #EconomicIndicators #CassFreightIndex #SpotRates #FreightRecession #SupplyChain #Logistics #LeadingIndicator #Economics #Macro #LaborMarket #BLS #TruckingEmployment #Bankruptcies #ContainerShipments #FexingoBusiness #BusinessPodcast Keep every episode free: buymeacoffee.com/fexingo

In this episode of Recession Watch, Lucas and Luna break down the surprising May PPI surge of 1.1% — more than double expectations — driven by a spike in energy costs linked to the Iran conflict. They explore how wholesale price pressures can foreshadow consumer inflation, margin compression, and ultimately a recession. With real GDP growth at just 1.6% annually and the yield curve still inverted but flattening, the hosts assess whether this is a temporary energy shock or a structural threat. They also reference the ECB's first rate hike since 2023 and the UK's unexpected GDP contraction, connecting global developments to the US recession debate. If you want to understand why input costs matter more than headline CPI for the economic outlook, this episode delivers. No hot takes, just data-driven conversation. #WholesalePrices #PPI #EnergyCosts #IranConflict #ECBRateHike #UKGDP #RecessionWatch #Inflation #YieldCurve #GDPGrowth #Economics #FexingoBusiness #BusinessPodcast #EconomicIndicators #SupplyChain #CentralBanks #CostPushInflation #MacroEconomics Keep every episode free: buymeacoffee.com/fexingo

On this episode of Recession Watch, Lucas and Luna examine the small business optimism index from the National Federation of Independent Business, which just dropped to its lowest level since 2013. They discuss how the gap between what large corporations report and what Main Street feels has widened to a historic spread, and why that divergence may be the most telling recession signal right now. With the yield curve no longer inverted but the VIX still elevated, Lucas argues that the small business data cut through the noise. Luna brings a counterpoint: is optimism simply a lagging indicator? They dig into the numbers, including the NFIB uncertainty index hitting a record high, and what it means for hiring and capex plans. No generic recession talk here — just a specific, data-driven look at one of the most consistent leading indicators. #SmallBusiness #NFIB #RecessionSignal #LeadingIndicators #OptimismIndex #MainStreet #Uncertainty #Capex #HiringPlans #EconomicSlowdown #YieldCurve #VIX #BusinessCycle #Economics #FexingoBusiness #BusinessPodcast #RecessionWatch #June2026 Keep every episode free: buymeacoffee.com/fexingo

Episode 47 of Recession Watch with Fexingo: Lucas and Luna drill into an underappreciated leading indicator — trucking employment data from the Bureau of Labor Statistics. They unpack how the trucking sector has historically shed jobs months before broader payrolls turn negative, and why the recent 0.2% month-over-month dip in for-hire trucking jobs (reported May 8, 2026) could be flashing yellow. Lucas walks through the 2000, 2008, and 2020 patterns, noting that each recession was preceded by at least three consecutive months of trucking job losses. He connects this to the broader freight recession narrative and the ISM Manufacturing PMI, which has lingered below 50 for six straight months. Luna pushes back on whether deregulation and Amazon's in-house logistics have broken the signal. They examine the latest JOLTS data showing 7.6 million job openings, and the 4.3% unemployment rate, and debate whether a trucking-led recession signal still holds in 2026. No clickbait, just data-driven conversation. #TruckingEmployment #RecessionSignal #LeadingIndicators #BureauOfLaborStatistics #FreightRecession #ISMManufacturing #JobOpenings #JOLTS #UnemploymentRate #EconomicCycles #SlowdownWatch #LaborMarket #SupplyChain #AmazonLogistics #TruckingJobs #Economics #FexingoBusiness #BusinessPodcast Keep every episode free: buymeacoffee.com/fexingo

In this episode of Recession Watch, Lucas and Luna dig into the May 2026 PPI report that came in much hotter than expected, with wholesale prices surging 1.1% month-over-month driven by energy costs. They explore what this means for the recession outlook, especially as the ECB just raised rates for the first time since 2023 in response to Iran-war-driven energy inflation. Lucas points to the tension between sticky inflation and a softening labor market, using the latest jobless claims data (229,000) and the still-inverted yield curve to frame a complex picture. The hosts also discuss whether the Fed can afford to cut rates if supply-side shocks keep pushing prices up, and what history says about stagflationary environments. A focused, data-rich conversation for anyone trying to read the economic tea leaves in mid-2026. #PPI #WholesalePrices #Inflation #ECB #IranWar #EnergyPrices #RecessionWatch #FederalReserve #Stagflation #JoblessClaims #YieldCurve #SupplyShock #May2026 #Economics #FexingoBusiness #BusinessPodcast #LucasAndLuna #Macro Keep every episode free: buymeacoffee.com/fexingo

On June 11, 2026, the European Central Bank raised interest rates for the first time since 2023, driven by an energy price surge linked to geopolitical tensions. Lucas and Luna unpack what this means for global recession signals, especially with US consumer prices at 4.2% annually and the yield curve un-inverting. They focus on the ECB's dilemma: fighting inflation vs. risking a downturn, and how this affects US markets and Fed policy. The episode drills into the specific energy-price channel and the divergence between US and Eurozone economic trajectories. #ECB #RateHike #EnergyPrices #Inflation #RecessionWatch #GlobalEconomy #CentralBanking #Geopolitics #IranWar #Eurozone #YieldCurve #CPI #MonetaryPolicy #Economics #FexingoBusiness #BusinessPodcast #EconomicIndicators #Macro Keep every episode free: buymeacoffee.com/fexingo

Episode 44 of Recession Watch with Fexingo. Lucas and Luna examine a leading recession indicator hiding in plain sight: layoffs at small businesses. Using data from ADP and the Bureau of Labor Statistics, they show how firms with fewer than 50 employees tend to cut jobs months before larger companies, making this an early warning signal that has flashed before every downturn since 2001. With the unemployment rate at 4.3 percent and initial jobless claims ticking higher, this signal deserves attention. The hosts discuss why small business layoffs lead the cycle, how the current data compares to past recessions, and what it means for the broader economy. A focused, data-driven conversation for anyone trying to read the economic tea leaves in mid-2026. #SmallBusinessLayoffs #RecessionIndicators #ADPPayrollData #LaborMarket #EconomicCycles #JoblessClaims #UnemploymentRate #LeadingIndicators #RecessionWarning #BusinessFormation #LaborLeverage #ADPvsBLS #EmploymentData #RecessionWatch #FexingoBusiness #BusinessPodcast #Economics #MacroEconomics Keep every episode free: buymeacoffee.com/fexingo

Episode 43 of Recession Watch with Fexingo looks at a lesser-known recession indicator: the four-week moving average of initial jobless claims. Lucas and Luna discuss how smoothing out weekly volatility in claims data can reveal underlying trends before the headline number catches up, and why the current level—225,000 initial claims for the week ending May 30, 2026, up from 212,000 the prior week—deserves attention. They compare the recent pattern to the run-ups before the 2001, 2008, and 2020 recessions, noting that while claims remain low by historical standards, the rate of change has historically been a leading signal. The hosts also touch on how this indicator interacts with other labor market data like JOLTS and payrolls to give a fuller picture of economic health. A listener-funded segment explains how the ad-free show stays independent. #JoblessClaims #RecessionIndicator #LaborMarket #Economics #FexingoBusiness #BusinessPodcast #InitialClaims #FourWeekAverage #EconomicCycles #SlowdownSignal #Unemployment #LucasAndLuna #RecessionWatch #LeadingIndicators #EmploymentData #MacroEconomics #MarketSignal #TruckingFreight Keep every episode free: buymeacoffee.com/fexingo

Lucas and Luna dig into the New York Fed's Survey of Consumer Expectations, released June 8, 2026, which shows household worries about finances hitting their highest level since July 2022. They explore how one-year-ahead inflation expectations have crept up to 3.2%, even as actual CPI has moderated. The hosts discuss why this divergence matters for the Fed's next move, how rising inflation expectations can become self-fulfilling, and what the widening gap between consumer sentiment and official data has signaled before past recessions. They connect this to the VIX spike to 19.87 and the 10-year yield at 4.56%, showing how markets are pricing in stagflation risk. Lucas and Luna also break down the 'inflation expectations channel' and why the Fed watches this survey more closely than any other sentiment gauge. A focused, data-driven episode for anyone trying to read the economic tea leaves in mid-2026. #InflationExpectations #NewYorkFed #SurveyOfConsumerExpectations #FedPolicy #Stagflation #VIX #TreasuryYields #ConsumerSentiment #EconomicIndicators #Recession #MonetaryPolicy #CPI #HouseholdFinances #MacroEconomics #FexingoBusiness #BusinessPodcast #RecessionWatch #Economics Keep every episode free: buymeacoffee.com/fexingo

This episode drills into the New York Fed's Survey of Consumer Expectations, which hit its most downbeat reading since July 2022. Lucas and Luna unpack what the Citi Pain Index reveals about how households are feeling right now — and why sentiment about personal finances is diverging from the official jobs data. They connect it to the VIX jump to 21, the 4.3 percent unemployment rate, and what it all means for a potential recession signal the market is only half-paying attention to. #NewYorkFed #SurveyOfConsumerExpectations #HouseholdFinances #CitiPainIndex #RecessionSignal #ConsumerSentiment #EconomicIndicators #VIX #Inflation #LaborMarket #JoblessClaims #FOMC #FederalReserve #Economics #RecessionWatch #FexingoBusiness #BusinessPodcast #Macro Keep every episode free: buymeacoffee.com/fexingo

The yield curve has been inverted for over three years — the longest stretch on record. Now it's un-inverting. On June 8, 2026, the spread between the 10-year and 2-year Treasury yields hit 0.41 percentage points, widening from 0.38 a few days earlier. In this episode, Lucas and Luna break down what yield curve un-inversions have signaled in the past, why this one might be different, and what it means for recession timing. They look at the data from the 1990, 2001, and 2008 cycles — where un-inversion typically preceded recession by 6 to 18 months — and contrast it with today's labor market, where job openings just surged to 7.6 million and the unemployment rate is still 4.3 percent. And they dig into one underappreciated wrinkle: the curve is steepening because long-term yields are rising, not because the Fed is cutting short rates. That changes the read. If you've been confused by conflicting recession signals, this episode gives you the one framework to make sense of them. #YieldCurve #TreasuryYields #Recession #FederalReserve #BondMarket #Inversion #Steepening #EconomicIndicators #10YearTreasury #2YearTreasury #MarketCycles #JOLTS #LaborMarket #UnemploymentRate #SoftLanding #HardLanding #FexingoBusiness #EconomicsPodcast Keep every episode free: buymeacoffee.com/fexingo

Consumer credit card delinquencies are rising toward levels that preceded the 2008 financial crisis and the early 1990s recession. In this episode, Lucas and Luna examine the latest New York Fed data showing households worried about finances at the highest level since July 2022. They drill into the specific delinquency rates for different income brackets, why banks are already tightening lending standards, and what the VIX spike above 18 signals about market anxiety. The conversation connects rising credit card balances to slowing real GDP growth of 1.6 percent and a ten-year Treasury yield at 4.47 percent. Listeners learn why this consumer debt signal matters more than the headline unemployment rate of 4.3 percent, and what history suggests about the lag between delinquency warnings and official recession calls. #ConsumerDebt #CreditCardDelinquencies #RecessionSignal #NewYorkFed #HouseholdFinances #Economics #FexingoBusiness #BusinessPodcast #ConsumerSpending #BankLendingStandards #VIX #GDPGrowth #TreasuryYields #UnemploymentRate #JulianneCoughlan #MoodysAnalytics #RetailSales #DebtTrap Keep every episode free: buymeacoffee.com/fexingo

Episode 38 of Recession Watch with Fexingo dives into a leading indicator that is flashing red: consumer credit card delinquencies turning serious. Lucas and Luna break down how the transition from 30-day to 90-day late payments signals real financial strain among lower-income households, especially as the labor market shows pockets of strength. With the VIX spiking 34% in a week and the yield curve still positive but narrowing, they examine why banks are already tightening credit card standards and what the March 2026 Fed data reveals about the consumer credit cycle. This episode connects the dots between rising revolving debt, slowing wage growth, and the hidden risk in the real-time delinquency data that markets may be underestimating. If the last two recessions were preceded by a spike in serious delinquencies, this cycle's pattern is worth watching closely. #ConsumerCredit #CreditCardDebt #Delinquencies #RecessionSignal #EconomicIndicators #HouseholdDebt #FedData #RecessionWatch #LucasAndLuna #FexingoBusiness #BusinessPodcast #Economics #Macro #CreditCycle #WageGrowth #ConsumerSpending #VIX #YieldCurve Keep every episode free: buymeacoffee.com/fexingo

Episode 37 of Recession Watch with Fexingo dives into consumer credit card debt as a leading recession indicator. Lucas and Luna examine the latest data on revolving credit, delinquency rates, and how the consumer balance sheet is cracking under persistent inflation and higher interest rates. With the VIX spiking 34% in five days and the yield curve still inverted, they connect the dots between household financial stress and broader economic risks. A specific data point: credit card balances hit a record $1.14 trillion in Q4 2025, and delinquencies are rising. This episode drills into why that matters now, in June 2026, as the labor market softens and long-term unemployment surges. No broad overview — just one sharp signal that markets might be underestimating. #RecessionWatch #ConsumerDebt #CreditCardDebt #RecessionIndicator #HouseholdFinance #DelinquencyRates #VIX #YieldCurve #Inflation #FederalReserve #InterestRates #ConsumerSpending #Economics #BusinessPodcast #FexingoBusiness #Podcast #June2026 #EconomicCycles Keep every episode free: buymeacoffee.com/fexingo

Episode 36 of Recession Watch with Fexingo examines initial jobless claims, which have risen from 212,000 to 225,000 in a single week. Lucas and Luna explore why this relatively small uptick matters more than markets currently price in, comparing it to previous cycles and connecting it to broader labor market softening—including the ADP vs BLS divergence and long-term unemployment trends. They discuss whether claims are becoming a lagging indicator in a structurally different economy, and what the recent jump signals for the Fed's next move. Tune in for a focused look at one of the oldest recession metrics and why it still deserves attention. #InitialJoblessClaims #RecessionSignal #LaborMarket #Unemployment #FedPolicy #EconomicData #ADP #BLS #LongTermUnemployment #JoblessClaims #RecessionWatch #FexingoBusiness #BusinessPodcast #Economics #Macro #RateCuts #JobsReport #June2026 Keep every episode free: buymeacoffee.com/fexingo

Lucas and Luna dive into a leading indicator that has preceded every U.S. recession since the 1970s: temporary help services employment. With the latest May 2026 payroll data showing a sharp drop in temp staffing even as overall job growth remains positive, they unpack why companies cut temporary workers first, what the current numbers signal, and whether this time is different. Drawing on Bureau of Labor Statistics data and historical patterns, they explore how the temporary help sector acts as the canary in the coal mine for broader layoffs—and why ignoring it cost investors dearly in 2001 and 2008. Plus, a brief reflection on keeping the show ad-free and listener-supported. A focused, data-rich discussion for anyone watching the labor market for recession cues. #TemporaryHelp #RecessionIndicator #LaborMarket #BLS #PayrollData #EmploymentTrends #LeadingIndicator #TempStaffing #May2026JobsReport #EconomicCycles #RecessionWatch #FexingoBusiness #BusinessPodcast #Economics #JobGrowth #HiringSlowdown #StaffingIndustry #LaborMarketSignals Keep every episode free: buymeacoffee.com/fexingo

With the May jobs report dropping tomorrow, Lucas and Luna drill into a recession indicator most analysts overlook: the widening gap between ADP's private payroll estimate and the official BLS nonfarm payroll count. In April, ADP reported just 122,000 private jobs added, while BLS showed 172,000. That 50,000-job divergence has historically preceded every recession since 2008. They trace the data back to 2018, when the gap first started to widen meaningfully, and explain why the discrepancy often reflects a softening labor market that official revisions later confirm. Lucas walks through the structural differences between the two surveys — ADP's limited sample vs. BLS's comprehensive establishment survey — and why the gap tends to blow up right before downturns. Luna pushes back on whether methodological changes at ADP after 2022 make the signal less reliable. They also connect the divergence to the surge in long-term unemployment and the VIX spike above 21, arguing the market may be pricing in a risk the jobs report hasn't fully captured yet. #ADPvsBLS #PayrollGap #RecessionSignal #JobMarket #NonfarmPayrolls #PrivatePayrolls #LaborMarket #EconomicIndicators #MayJobsReport #Unemployment #VIX #LongTermUnemployment #FOMC #BureauOfLaborStatistics #AutomaticDataProcessing #Economics #FexingoBusiness #BusinessPodcast Keep every episode free: buymeacoffee.com/fexingo

Episode 33 of Recession Watch examines the surge in long-term unemployment, a lagging indicator that may be flashing a recession warning the market is ignoring. Lucas and Luna discuss the latest JOLTS data showing job openings rebounding to 7.6 million, but with long-term unemployed workers making up a growing share—now near 22% of total unemployed. They unpack why this metric matters: the longer workers are out of work, the harder it is for them to re-enter the labor force, creating structural damage that outlasts a typical downturn. With the May jobs report due Friday and the unemployment rate stuck at 4.3%, the hosts debate whether the job market is truly resilient or masking deeper cracks. They reference a new CNBC report on hidden costs, and Lucas shares a concrete example from the 2008 crisis to show how long-term unemployment scars the economy for years. The episode concludes with a forward-looking question: if the Fed sees this data but focuses on inflation, are they missing the real risk? #RecessionWatch #FexingoBusiness #BusinessPodcast #Economics #LongTermUnemployment #LaborMarket #JOLTS #JoblessClaims #Fed #Inflation #StructuralUnemployment #MayJobsReport #CNBC #EconomicIndicators #SoftLanding #HardLanding #LaborForceParticipation #Recovery Keep every episode free: buymeacoffee.com/fexingo

With the May jobs report due Friday and long-term unemployment surging, Lucas and Luna dig into why the share of workers out of work for 27 weeks or more is hitting levels that historically preceded recessions. They examine how the current 4.3% unemployment rate masks a structural shift in the labor market, pulling data from JOLTS, initial jobless claims, and the latest ADP report. The hosts debate whether this is a classic lagging indicator or a true recession signal that equity markets are pricing out. They also discuss the hidden costs for workers and the broader economy, from skill erosion to reduced consumer spending. Tune in for a focused, data-driven conversation on the one labor market metric that might matter most right now. #LongTermUnemployment #LaborMarket #RecessionSignal #JobsReport #JOLTS #ADP #UnemploymentRate #EconomicIndicators #FexingoBusiness #BusinessPodcast #Economics #RecessionWatch #JoblessClaims #LaborForce #SkillErosion #ConsumerSpending #StructuralUnemployment #MayJobsReport Keep every episode free: buymeacoffee.com/fexingo

While job openings surged to 7.6 million in April—the highest in nearly two years—long-term unemployment is quietly rising. Lucas and Luna dig into the Bureau of Labor Statistics data to show why the share of jobless workers out of work for 27 weeks or more is approaching levels that historically precede recessions. They explore how skills erosion, employer screening algorithms, and the 'double scar' from the pandemic and tariff disruptions are creating a structural mismatch that the headline payroll numbers don't capture. With the unemployment rate stuck at 4.3 percent and initial jobless claims creeping up, this episode asks whether the labor market is stronger on the surface than it is underneath. A focused look at one underappreciated recession signal. #LongTermUnemployment #LaborMarket #RecessionWarning #JOLTS #JobOpenings #StructuralUnemployment #SkillsErosion #DoubleScar #BureauOfLaborStatistics #UnemploymentRate #InitialJoblessClaims #Economics #RecessionWatch #FexingoBusiness #BusinessPodcast #LaborEconomics #EmploymentData #MacroSignals Keep every episode free: buymeacoffee.com/fexingo

In Episode 30 of Recession Watch, Lucas and Luna examine a slow-moving but historically reliable recession indicator: the Senior Loan Officer Opinion Survey, or SLOOS. They dig into why tightening bank lending standards — not just consumer credit, but commercial and industrial loans — have preceded every U.S. recession since the 1980s. With the April 2026 SLOOS showing banks tightening standards across all loan categories, Lucas connects this to the 7.6 million job openings surge and the puzzling resilience in payrolls. The hosts debate whether tighter credit is a lagging snapshot or a leading constraint, and why ignoring bank behavior means missing the real choking point in the economy. A practical, data-driven look at how the plumbing of credit markets tells you more than GDP ever will. #RecessionWatch #BankLendingStandards #SLOOS #CreditConditions #FederalReserve #JobOpenings #EconomicIndicators #BusinessCycles #RecessionSignals #LendingTightening #CommercialLoans #ConsumerCredit #CreditMarkets #Economics #FexingoBusiness #BusinessPodcast #PodcastEpisode #LucasAndLuna Keep every episode free: buymeacoffee.com/fexingo

Episode 29 of Recession Watch with Fexingo dives into the VIX term structure — a recession indicator that gets less attention than the yield curve but has a strong track record. Lucas and Luna examine why the VIX at 16.31 and the VVIX at 91.23 are telling different stories about market fear, how the contango in VIX futures suggests investors see near-term calm but longer-term risk, and what this signal says about the odds of a recession in the second half of 2026. They compare the current VIX curve to patterns before past recessions and discuss why the VVIX — the 'volatility of volatility' — may be flashing a warning the VIX itself isn't. Specific, data-driven, and practical for anyone watching the macro landscape. #VIX #VVIX #Volatility #RecessionIndicator #VIXTermStructure #Contango #Backwardation #MarketFear #EconomicCycles #RecessionWatch #FexingoBusiness #BusinessPodcast #Economics #Macro #Investing #RiskManagement #StockMarket #LucasAndLuna Keep every episode free: buymeacoffee.com/fexingo

Episode 28 of Recession Watch with Fexingo. Lucas and Luna dig into the Cass Freight Index, which just hit its lowest reading since the pandemic recovery began in 2021. While job openings surged and the VIX is calm, trucking volumes have declined for three straight months. The hosts explore why freight is a leading indicator, how the Iran war energy costs are squeezing logistics margins, and what this divergence between soft data and hard data might mean for the second half of 2026. No clickbait, just the numbers that matter. #RecessionWatch #EconomicIndicators #FreightRecession #CassFreightIndex #Trucking #SupplyChain #IranWar #EnergyCosts #Inflation2026 #JobOpenings #VIX #SoftLanding #HardData #LeadingIndicators #Logistics #FexingoBusiness #BusinessPodcast #Economics Keep every episode free: buymeacoffee.com/fexingo

New data shows job openings surged to 7.6 million in April, the highest in nearly two years. Lucas and Luna unpack what this means for the recession debate. Is a hot labor market the final piece for a soft landing, or does it just delay the inevitable downturn? They examine the quality of those openings, the disconnect with consumer confidence, and what the Fed might do next. Plus, how the Iran war energy cost is complicating the picture. A tight, focused look at one number that shifts the narrative. #JobOpenings #LaborMarket #RecessionWatch #FexingoBusiness #Economics #FederalReserve #SoftLanding #Inflation #IranWar #EnergyCosts #ConsumerConfidence #FedPolicy #JOLTS #Unemployment #WageGrowth #BusinessPodcast #EconomicIndicators #PodcastEpisode Keep every episode free: buymeacoffee.com/fexingo

Lucas and Luna examine a recession signal that rarely makes headlines: the rapid buildup of non-financial corporate cash reserves. With S&P 500 companies sitting on record liquidity, they ask whether this is a sign of strength or a quiet warning that management teams see trouble ahead. Drawing on Federal Reserve data showing cash as a share of total assets rising above 12 percent, they discuss why firms are choosing safety over investment. The conversation connects this trend to weak capital expenditure data, the persistent gap between wage growth and productivity, and what it means for the broader economy in mid-2026. A focused look at one of the less obvious but deeply telling indicators of recession risk. #CorporateCash #RecessionSignal #CashHoarding #Liquidity #CapitalExpenditure #WageProductivityGap #FederalReserve #SP500 #NonFinancialCorporations #RecessionWarning #EconomicIndicators #Macroeconomics #BusinessInvestment #Economics #FexingoBusiness #BusinessPodcast #RecessionWatch #EconomicCycles Keep every episode free: buymeacoffee.com/fexingo

For most of 2025 and into 2026, the US economy has been running a quiet but growing divergence: average hourly earnings are rising at around 4 percent annually, while productivity growth has stalled near 1 percent. In Episode 25 of Recession Watch, Lucas and Luna break down why that mismatch — unit labor costs climbing faster than output per hour — has historically been one of the most reliable leading indicators of margin compression, hiring freezes, and eventual recession. They anchor the discussion in fresh April 2026 data — hourly earnings hit $37.40, up from $37.35 — and contrast the current situation with late 2019, when a similar divergence preceded the 2020 downturn. Lucas explains why the Fed's focus on services inflation makes this wage-productivity gap a bigger concern than consumer debt or yield curve moves, and Luna pushes back on whether AI adoption could close the gap before it triggers layoffs. No clickbait, just the numbers that matter. #WageGrowth #Productivity #UnitLaborCosts #RecessionSignals #FederalReserve #LaborMarket #AverageHourlyEarnings #EconomicIndicators #ServicesInflation #MarginCompression #AIProductivity #JOLTS #NonfarmPayrolls #RecessionWatch #FexingoBusiness #BusinessPodcast #Economics #MacroEconomics Keep every episode free: buymeacoffee.com/fexingo

Lucas and Luna break down why corporate capital expenditure plans are flashing a subtle recession warning that most GDP-based models miss. With the latest data showing spending on equipment and structures growing at its slowest pace in three years outside of a pandemic or financial crisis, the hosts examine what this means for productivity, earnings, and the labor market. Lucas explains the link between CapEx cuts and the Fed's inflation fight, noting that energy inflation is hitting capital-intensive industries hardest. Luna brings in the JOLTS data showing job openings falling below 7 million, connecting the dots between companies pausing investment and the tightening labor market. The episode includes a listener-supported segment about keeping the show ad-free. #CorporateCapEx #RecessionWarning #EconomicIndicators #CapitalExpenditure #ProductivitySlowdown #FedPolicy #InflationFight #EnergyInflation #JOLTS #LaborMarket #BusinessInvestment #EquipmentSpending #GDPGrowth #SoftLanding #ManufacturingSlowdown #RecessionWatch #FexingoBusiness #BusinessPodcast Keep every episode free: buymeacoffee.com/fexingo

The labor market has been a bright spot, but JOLTS data tells a different story. Lucas and Luna examine why job openings have fallen to 6.9 million, the lowest since early 2021, despite low unemployment. They discuss what the Beveridge curve reveals about the economy's trajectory, how the Fed is interpreting this data, and whether the job market is normalizing or softening toward recession. With unemployment steady at 4.3% and initial jobless claims trending up, the hosts debate if this is a soft landing or a warning sign. They also connect the dots to energy inflation and consumer spending pressures from the Iran conflict. Plus, a brief note on listener support that keeps the show ad-free. #JOLTS #JobOpenings #LaborMarket #BeveridgeCurve #Fed #Inflation #EnergyInflation #IranWar #ConsumerSpending #Unemployment #Recession #EconomicIndicators #SoftLanding #FexingoBusiness #BusinessPodcast #Economics #RecessionWatch #DataDriven Keep every episode free: buymeacoffee.com/fexingo

Lucas and Luna dig into the 'double scar' hypothesis—how the inflation trauma of 2021-2023 and the current Iran war energy shock are combining to permanently alter consumer behavior. With household gas costs up $450 per year and core inflation still at 3.3%, they explore whether the consumer is fundamentally changed, not just temporarily cautious. Drawing on the latest PCE data and Fed commentary from Goolsbee and Kashkari, they examine why this cycle's recession debate is less about a textbook contraction and more about a slow-motion transformation of demand. A data-rich conversation for anyone wondering why the economy feels off even with stocks near highs. #DoubleScar #ConsumerSpending #Inflation #IranWar #EnergyPrices #CoreInflation #PCE #FedPolicy #Goolsbee #Kashkari #RecessionWatch #EconomicCycles #HouseholdFinances #GasPrices #BehavioralEconomics #FexingoBusiness #BusinessPodcast #Economics Keep every episode free: buymeacoffee.com/fexingo

Lucas and Luna examine how the 'double scar' from past inflation and ongoing geopolitical shocks is altering consumer behavior in 2026. With core PCE inflation at 3.3% and an extra $450 per household from Iran war energy costs, they drill into why consumer sentiment is at a record low even as job growth remains solid. They explore the disconnect between 'vibecession' data and hard spending patterns, referencing Fed commentary from Goolsbee and Kashkari. The episode focuses on one specific angle: the shift from goods to services spending and what it means for recession risk in Q2 2026. #DoubleScar #ConsumerSpending #Inflation #IranWar #EnergyCosts #CorePCE #FedPolicy #Vibecession #RecessionWatch #FexingoBusiness #BusinessPodcast #Economics #ConsumerSentiment #GeopoliticalRisk #Goolsbee #Kashkari #SpendingShift #EconomicIndicators Keep every episode free: buymeacoffee.com/fexingo

In this episode of Recession Watch, Lucas and Luna examine how the Iran war is quietly reshaping consumer confidence and recession risk. They break down the $450 average annual hit to U.S. households from higher energy costs, what Fed officials are saying about inflation persistence, and why consumer sentiment data may be underestimating the real drag. With core inflation stuck at 3.3% and the VIX falling, the hosts debate whether markets are too complacent about geopolitical shocks. #IranWar #ConsumerConfidence #Inflation #EnergyPrices #RecessionRisk #FederalReserve #Geopolitics #CPI #VIX #GasPrices #SupplyChain #WarPremium #EconomicIndicators #SoftLanding #FOMC #CoreInflation #FexingoBusiness #BusinessPodcast Keep every episode free: buymeacoffee.com/fexingo

Episode 19 of Recession Watch with Fexingo examines how the tariffs and trade disruptions from the mid-2020s continue to reshape global supply chains, with lasting effects on inflation, corporate margins, and recession risk. Lucas and Luna dig into the concept of 'reshoring inertia' — why companies that moved production back to the U.S. or diversified into Vietnam and Mexico aren't reversing course, even as geopolitical tensions ease. They cite specific data: the 10-year Treasury at 4.48%, core PCE inflation stuck at 3.3%, and job openings falling to 6.86 million — a labour market that is cooling but not cracking. The conversation touches on why the Fed remains hawkish despite a GDP growth rate of just 1.6%, and how supply-chain reconfiguration is creating both inflation stickiness and structural resilience. A tight, data-driven episode for listeners who want to understand what the old trade wars left behind. #TradeWar #SupplyChain #Reshoring #Inflation #FederalReserve #CorePCE #JobOpenings #LaborMarket #RecessionRisk #Geopolitics #GlobalTrade #Tariffs #Vietnam #Mexico #GDPGrowth #TreasuryYields #Economics #FexingoBusiness Keep every episode free: buymeacoffee.com/fexingo

Episode 18 of Recession Watch tackles the $11 trillion commercial real estate market, where $2.1 trillion in loans come due by 2028. Lucas and Luna break down why office vacancy rates near 20% in major cities haven't caused a systemic collapse yet, but regional banks—holding 40% of CRE debt—could change that. They examine the difference between the 2008 housing crisis and today's CRE stress, the role of remote work, and why the Fed's rate path matters more than headlines suggest. With the S&P 500 near all-time highs and the VIX below 16, the hosts ask whether the market is pricing in complacency or a genuine soft landing. Numbers discussed include the 10-year yield at 4.48%, the spread over 2-years at 46 basis points, and real GDP growth at 1.6%. A must-listen for anyone watching the next domino in the economic cycle. #CommercialRealEstate #CRE #RecessionWatch #FexingoBusiness #BusinessPodcast #Economics #RealEstate #RegionalBanks #OfficeVacancy #RemoteWork #FedPolicy #InterestRates #10YearTreasury #YieldCurve #SoftLanding #LendingStandards #LoanMaturities #EconomicIndicators Keep every episode free: buymeacoffee.com/fexingo

Lucas and Luna dig into a recession signal that doesn't get enough airtime: the housing market. With the 30-year fixed mortgage rate still above 7% and homebuilder sentiment at its lowest since 2023, they explore how housing leads the economy into downturns — and why this time might be different. Lucas breaks down the link between housing starts, consumer confidence, and the Fed's rate dilemma, and points to a specific data point: the National Association of Home Builders housing-market index. Luna asks whether the current cycle is more like 2006 or 2018, and the conversation turns to what homebuilders like Lennar and Pulte are saying. They also examine the broader implication: if housing is the canary, what does it mean for the rest of the economy? The episode includes a brief, natural sidebar on how listener support keeps the show ad-free. #HousingMarket #RecessionSignals #RealEstate #MortgageRates #HomebuilderSentiment #FedPolicy #NAHB #Lennar #PulteGroup #AffordabilityCrisis #Economics #Business #FexingoBusiness #BusinessPodcast #HousingStarts #YieldCurve #ConsumerConfidence #Inflation Keep every episode free: buymeacoffee.com/fexingo

Lucas and Luna explore a blind spot in recession forecasting: small business cash flow. While headline indicators like GDP growth and unemployment look solid, data from payment processors and invoice platforms tells a different story. They discuss why small firms are the canary in the coalmine, how late payments are piling up even as big company earnings hold up, and why the Fed's focus on big-ticket inflation might miss the real stress building in Main Street America. Grounded in recent JOLTS data showing job openings dipping below 7 million and a new NFIB survey on owner optimism, this episode offers a fresh lens on the disconnect between macro data and micro reality. #SmallBusiness #RecessionIndicators #CashFlow #MainStreet #NFIB #JOLTS #LaborMarket #EconomicData #FedPolicy #Inflation #ConsumerSentiment #BusinessOptimism #LatePayments #EconomicCycles #Podcast #RecessionWatch #FexingoBusiness #BusinessPodcast Keep every episode free: buymeacoffee.com/fexingo

Lucas and Luna dig into the corporate bond market, where spreads have widened 40 basis points since March despite stocks hitting new highs. They explain why high-grade and high-yield spreads are diverging, what that says about credit market stress, and how this signal has historically preceded recessions by 6 to 12 months. With the S&P 500 above 7,500 and small caps rallying, the bond market is telling a different story. Lucas breaks down the mechanics of spread widening, the role of liquidity, and why the current divergence might be more about sector rotation than an imminent downturn. They also touch on the Iran war's effect on energy costs and how that feeds into credit risk. A data-rich conversation for anyone trying to read the tea leaves of the next slowdown. #CorporateBonds #CreditSpreads #RecessionWarning #BondMarket #HighYield #InvestmentGrade #S&P500 #SmallCaps #FedPolicy #IranWar #EnergyPrices #LiquidityRisk #EconomicIndicators #Economics #FexingoBusiness #BusinessPodcast #RecessionWatch #MarketSignals Keep every episode free: buymeacoffee.com/fexingo

The yield curve has not only uninverted — it's steepening sharply, with the spread between the 10-year and 2-year Treasury yields now at 49 basis points, the widest since 2022. Lucas and Luna break down what this steepening means for the recession debate, using the latest data: the S&P 500 at 7,519, small caps up 6.3% in a week, and real GDP growth back to 2%. They explain why a steepening curve can be either a signal of economic strength or a warning of fiscal stress, and how investors should interpret the message from bond markets right now. #YieldCurve #TreasuryYields #SteepeningCurve #SoftLanding #RecessionWatch #FederalReserve #BondMarket #GDPGrowth #SmallCaps #Russell2000 #SP500 #EconomicIndicators #FiscalPolicy #Investing #Economics #FexingoBusiness #BusinessPodcast #MarketAnalysis Keep every episode free: buymeacoffee.com/fexingo

The S&P 500 is up 2.1% in a week, but the Russell 2000 has surged 6% — the biggest small-cap outperformance since early 2025. Lucas and Luna unpack what this divergence means for recession models. With consumer sentiment at a record low and the yield curve barely positive, why are risk assets rotating into the most economically sensitive names? The hosts drill into the mechanics of a 'risk-on' signal: small-cap earnings leverage to a potential GDP acceleration, the role of Fed rate-cut expectations, and why this rally might be saying the economy is stronger than the pessimists think. Plus: why the VIX at 17.15 hasn't budged despite the war headlines. A fresh, data-driven take on a market signal that contradicts every recession narrative of 2026. #Russell2000 #SmallCaps #RecessionWatch #StockMarket #GDPGrowth #FederalReserve #VIX #RiskOn #YieldCurve #EarningsSeason #EconomicIndicators #MarketRotation #Investing #FexingoBusiness #BusinessPodcast #Economics #Finance #Trading Keep every episode free: buymeacoffee.com/fexingo

In this episode of Recession Watch, Lucas and Luna examine how the Iran conflict is injecting a war risk premium into economic forecasts, making every recession model less reliable. They discuss the spike in oil prices, the consumer sentiment record low, and the VIX structure. Lucas explains why the Fed now faces a stagflation dilemma, and Luna notes the gap between headline GDP growth and consumer reality. The hosts explore what this means for investors, including the defensive rotation into sectors like energy and utilities. A must-listen for anyone trying to decode the current economy. #RecessionWatch #Economics #WarRiskPremium #IranConflict #OilPrices #ConsumerSentiment #VIX #Stagflation #FederalReserve #GDPGrowth #Inflation #DefensiveRotation #EnergySector #Utilities #FexingoBusiness #BusinessPodcast #EconomicIndicators #GeopoliticalRisk Keep every episode free: buymeacoffee.com/fexingo