Recession Watch: Red Flags Everywhere You Look

Spiking interest rates, broke consumers, terrified banks

The hardest part of writing this kind of post is sorting through all the red flags. There are just too many these days.

So here are the handful that look scariest at the moment:

Interest rates are above 2007 levels in a world with twice as much debt. This shouldn’t have been possible, but here we are. Real estate usually implodes when mortgage rates spi…