Are we already in a recession? - Economists slow to spot key trouble signs

Author Topic: Are we already in a recession? - Economists slow to spot key trouble signs  (Read 575 times)

0 Members and 1 Guest are viewing this topic.

Offline Letsbereal

  • Moderator
  • Member
  • *****
  • Posts: 37,144
  • Know Thyself
Are we already in a recession? - Economists are almost always slow to spot key trouble signs
28 December 2012
, by Brett Arends (MarketWatch)
http://www.marketwatch.com/story/are-we-already-in-a-recession-2012-12-28

Excerpt:

Many people are warning that if the government goes over the “fiscal cliff” next week, as seems increasingly likely, the U.S. economy could tumble back into recession.

But what if we already have?

Despite some misleading headlines, and some cheerleading in certain quarters, there are plenty of reasons to be worried that the economy could already be shrinking again, even before the wave of tax hikes and spending cuts scheduled for January.


Money manager John Hussman, chairman of Hussman Funds, is among those who think it is.

We continue to believe that the U.S. economy joined a global economic downturn during the third quarter of the year,” he wrote to investors recently.

He notes that most of the forward-looking indicators, including:

- Industrial Production

- Capacity Utilization

- Real Disposable Income

- Real Personal Consumption

- Real Sales

- Retail Sales

- Food Service Sales

- Real Manufacturing Sales

- Trades Sales


are all pointing down!

A recession may have begun as long ago as July, the Economic Cycle Research Institute agrees and recently announced.
->>>|:-) THE CITY INDIANS (-:|<<<-

Offline gprebilsky

  • Member
  • ***
  • Posts: 140
Re: Are we already in a recession? - Economists slow to spot key trouble signs
« Reply #1 on: December 29, 2012, 11:21:03 am »
We are in a depression.

Offline New Whirled Order

  • Member
  • *****
  • Posts: 1,465
Re: Are we already in a recession? - Economists slow to spot key trouble signs
« Reply #2 on: December 29, 2012, 11:24:21 am »
We are in a depression.

They have to cook the numbers in order to keep that fact hidden.

Offline Constitutionary

  • Member
  • *****
  • Posts: 2,243
Re: Are we already in a recession? - Economists slow to spot key trouble signs
« Reply #3 on: December 29, 2012, 12:08:54 pm »
Economists are like the medical profession, they get their paycheck at the end of the week and to hell with everybody else.