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The U.S. Is Already Headed to Recession
John Hussman, Hussman Funds
With industrial production, capacity utilization, real disposable income, real personal consumption, real sales retail and food service sales, and real manufacturing and trade sales uniformly declining in their latest reports, coincident economic indicators – having generally peaked in July – are now following through on the weakness that we’ve persistently observed in leading economic measures. We continue to believe that the U.S. economy joined a global economic downturn during the third quarter of this year.While we use a broad range of signal extraction and...http://www.realclearpolitics.com/2012/12/04/the_us_is_already_headed_to_recession_297167.html
With industrial production, capacity utilization, real disposable income, real personal consumption, real sales retail and food service sales, and real manufacturing and trade sales uniformly declining in their latest reports, coincident economic indicators – having generally peaked in July – are now following through on the weakness that we’ve persistently observed in leading economic measures. We continue to believe that the U.S. economy joined a global economic downturn during the third quarter of this year.While we use a broad range of signal extraction and...http://www.realclearpolitics.com/2012/12/04/the_us_is_already_headed_to_recession_297167.html
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