Ignore GDP and the Fiscal Cliff, U.S. Is Already in Recession
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A Framework That Provides Clarity
During periods of “low visibility,” confusion reigns: for every indication of one trend, there seems to be a countertrend. The key is to glean from the collective wisdom of reliable leading indicators a clear signal that the economy is headed for a turn.
Reviewing the indicators used to officially decide U.S. recession dates, it looks like the recession began around July 2012. More
Indicators used to determine official U.S. recession dates have been weakening since mid-2012. More