Beware of the Coming Winter of Discontent
Like the seasons, the cycles of the capital markets are predictable as long as you follow the right indicators, which today are pointing to a possible recession.
Tad Rivelle
December 17, 2025
A contractor shovels snow outside the U.S. Treasury in Washington, D.C., U.S., on Thursday, Feb. 13, 2014. The winter storm that cut electricity to more than half a million customers across the South and grounded 10,000 flights this week turned its power on the U.S. Northeast, bringing heavy snow from Virginia to Maine. Photographer: Andrew Harrer/Bloomberg
Andrew Harrer/Bloomberg
