The US is heading for recession – here’s where to take cover

Making recession calls is a well-worn route to fleeting fame as an ‘investment guru’. Get it right, and you’re feted as a seer. Get it wrong, and most of the time, no one takes much notice. So in terms of risk / reward pay-off, it’s an attractive strategy. It also means that investors can be forgiven for taking cries of ‘recession ahead!’ with a big pinch of salt. But on Friday, one group issued a recession warning that you shouldn’t ignore. Why? Because these guys have a good track record – and they’re not in the habit of crying wolf.