Economic growth was revised up for Q2, which means for the US to enter a new recession, it would need to drop below 0 in Q3 and Q4. Consumer spending is up and new jobless claims have fallen quite a bit over the past couple of weeks. We'll have to wait and see.
you're lookin the rear view mirror....ECRI looks forward over the next 6-9 months...and just like their indexes in Mar 09 were tracing a textbook pattern before every recovery over the last hundred years, their indicators are now displaying a textbook pattern before every recession over the last 100 years has made.
When they make a call, they make it objectively and without prejudice.
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Can we at least get a big LOL at the Republicans cheering, almost salivating, over potential economic catastrophe? What a bunch of assholes! And you call yourselves patriots?
if I could have a quarter each time on this forum I've been called an economic cheerleader (by both Dems and Reps) and each time I've been called a gloomster (by both Dems and Reps)....I'd have at least a couple of hundred dollars, though most of the money would be from being called a cheerleader. I was one of the very few republicans on this board calling for a recovery in April 2009 and I made over $100k off of that call and posted every stock trade I made during that period on this forum,...so please, get to know the person you're talking to and don't be ignorant and accuse me of cheering for a recession.