Click to enlarge.
Good luck blaming the slow and steady growth rate decline (since 2012) on this winter's weather.
In May of 2012, I predicted that the next recession would hit on or before October 2014. Eight months to go. I see little reason to alter my opinion. At the rate we're going, it could be close enough for government work anyway. I truly hope I am wrong. Seriously.
If I am right (might not be of course), this is going to be a nasty recession. Why? Many seem to think a recession is impossible during ZIRP and that the Fed has saved us. What a confidence shaking wake-up call that would be.
I am especially amused by the party of 1999. Had we not thrown such a spectacular one (and hoarded for the Y2K bug that was a non-event), the recession may have happened right then and there. Praise be to celebratory can-kicking.
And lastly, rising interest rate environment my @$$.
This is not investment advice. As always, just ugly charts and opinions.
Source Data:
St. Louis Fed: Retail Sales: Total (Excluding Food Services)
Advertisement
You have just read the article News for today's that category by title The Next Recession Arriving Right on Schedule?. You can bookmark this page with a URL http://news-these-days.blogspot.com/2014/02/the-next-recession-arriving-right-on.html. Thank you!
Posted by: Tukiyooo
The Next Recession Arriving Right on Schedule? Updated at :
11:20 PM
Tuesday, February 18, 2014
Post a Comment