A Recession Appears Imminent
In January, I wrote that I expected a recession in 2012 and I followed up in the first half of this year reiterating that expectation in several columns. It didn't happen -- which I wrote about in September. I cautioned that a recession may occur in 2013 and I promised to revisit the issue, so let's have a look.
There are indications again of a recessionary trajectory, which will be more evident by the end of the first quarter of 2013. I am very cautious about this call, however, because I still can't figure out why the traditional recession indicators that became apparent in the third quarter 2011 reversed their trajectory during the first half of 2012 -- though "reversed" is a bit too strong of a word....324 more words left in this article. To read them, just click below and try Real Money FREE for 14 days.
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