Luke Gromen: U.S. industrial sector faced prolonged recession after Asia crisis

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02.05.2026

Luke Gromen: U.S. industrial sector faced prolonged recession after Asia crisis — U.S. industrial hit after Asia crisis

Luke Gromen, industry influencer, recounts how industrial company managements during the Southeast Asia crisis downplayed Asia-Pacific exposure as just 5% of sales early on.

He explains that within six months, the U.S. industrial sector entered a severe recession that lasted two to three years, highlighting the indirect effects that global events can have on domestic markets.

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Gromen has previously noted that non-monetary gold was the top U.S. export in four of the last five months, according to recent trade data. In separate commentary, he discussed how trade settlements by Iranians and French parties might involve the euro or Chinese yuan, possibly linked to gold sales. These observations add to his commentary on the impact of international developments on U.S. markets.

This material may contain third-party opinions, none of the data and information on this webpage constitutes investment advice according to our Disclaimer. While we adhere to strict Editorial Integrity, this post may contain references to products from our partners.

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