John Makin Predicts a New Recession
Posted: Wed Jul 31, 2013 7:17 pm
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/
"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/