Driven by: CN OECD composite leading indicator 98.1, crossed Sep 2025; CN debt service ratio, private sector 19.1 %, crossed Q1 2025; EZ Economic Sentiment Indicator 98.4, crossed Jul 2022. Offset by: US credit-to-GDP gap −11.3 pp, 21.3 pp below; US debt service ratio, private sector 13.8 %, 1.7 pp below. Last regime change 18 Sep 2026, from Slowdown.
Filled square, the threshold is crossed. Hollow, it is within one step and the distance is printed. Half-filled, it was crossed and has come back. A rule means the series has no threshold and is shown for context only.
| Date | Indicator | Status | Value |
|---|---|---|---|
| 31 Mar 2026 | OFR Financial Stress Index US | Cleared | −0.3 |
| 30 Mar 2026 | OFR Financial Stress Index US | Triggered | +0.2 |
| Jan 2026 | Unemployment rate UK | Cleared | 4.9 % |
| Q1 2026 | Debt service ratio, private sector IN | Triggered | 12.5 % |
| Dec 2025 | Monthly GDP, 3m on 3m UK | Cleared | +0.1 % |
| Oct 2025 | Monthly GDP, 3m on 3m UK | Triggered | −0.1 % |
We write only when a threshold is crossed. In a calm month, nothing arrives.