US Recession has already started in the manufacturing space.

Yay for crapitalism.

https://www.wsws.org/en/articles/2019/10/03/usec-o03.html

The US manufacturing sector has entered recession—defined as two quarters of contraction—the Institute for Supply Management said Tuesday, falling to the lowest level since the immediate aftermath of the 2008 financial crash.

After all, look how the establishment responds -

The ruling classes all over the world responded to the 2008 financial crash by putting the burden of the crisis solely on the working class, slashing social spending and expanding contingent and low-wage employment while providing unlimited cash to bail out the banks.

The pinnacle of this response was the restructuring of GM, which slashed workers’ wages and ensured a decade of bumper profits. With GM now demanding even further cuts to workers’ wages and health care, the ruling class is seeking to once again make the working class pay for the next phase of the global economic crisis.