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.
There’s no substitute for a trading floor to get great ideas, so Jim Cramer created a better one at Real Money and blogs there exclusively. We then added legendary hedge fund manager, Doug Kass, with his exclusive Daily Diary and best investing ideas. Staffed with more than 4 dozen investing pros, money managers, journalists and analysts, Real Money Pro gives you a flood of opinions, analysis and actionable trading advice found nowhere else, and allows you to interact directly with each expert.
Already a Subscriber? Please login.
