Here comes the second leg of the “Double Dip” – Obama and the media spent the last 4 years blaming Bush for the “first leg”…
While the general consensus from the media, and the majority of analysts, is that the U.S. economy will avoid a recession – there have been numerous indicators that have continued to point to deterioration in the economic fabric. Most recently industrial production in the U.S. dropped sharply, along with capacity utilization rates, due to the growing recession in Europe, and slowdown in China, which has impacted exports from domestic manufacturers
Historically when the leading-to-lagging ratio has fallen below 91 the economy was either in, or about to be in, a recession.
The simple reality is that by the time the NBER announces an official recession it will be far to late for investors to minimize the damage
Tax the rich….