Is recession coming to the US in 2023? Here’s how you’ll know.

The last two recessions walloped the U.S. like roundhouse punches to the jaw.

During the Great Recession of 2007-09, millions of Americans lost their homes to foreclosure and big banks teetered near bankruptcy. In the COVID downturn of 2020, restaurants, shops and other businesses abruptly shut down within days or weeks, leaving 22 million people jobless.