John Makin Predicts a New Recession

[Reub]

This from John Makin:

"Overall, today’s low-but-actually-lower GDP growth numbers pull the US economy down to stall speed. Given the ongoing drag from Q2 inventory build, fiscal austerity, weaker global growth, and higher, taper-talk-driven interest rates, we could well see negative second-half growth.

That defines a recession."

He also left out higher oil and gasoline prices which we have experienced recently. Under these conditions, and being that, as Harry Browne said, the future is unknowable, I would not be selling my treasuries any time soon.

http://www.aei-ideas.org/2013/07/2q-gro ... n-the-way/

[Ad Orientem]

Under these conditions, and being that, as Harry Browne said, the future is unknowable, I would not be selling my treasuries any time soon.

+1