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Recession: When You See It, It Will Be Too Late

Summary:
While the calls of a “recession” may seem far-fetched based on today’s economic data points, no one was calling for a recession in early 2000 or 2007 either. By the time the data is adjusted, and the eventual recession is revealed, it won’t matter as the damage will have already been done.... http://davidstockmanscontracorner.com/?p=179965&preview_id=179965&preview_nonce=1d3c849b84&preview=true.

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While the calls of a “recession” may seem far-fetched based on today’s economic data points, no one was calling for a recession in early 2000 or 2007 either. By the time the data is adjusted, and the eventual recession is revealed, it won’t matter as the damage will have already been done....

http://davidstockmanscontracorner.com/?p=179965&preview_id=179965&preview_nonce=1d3c849b84&preview=true.

David Stockman
David Alan Stockman (born November 10, 1946) is a former businessman and U.S. politician who served as a Republican U.S. Representative from the state of Michigan (1977–1981) and as the Director of the Office of Management and Budget (1981–1985) under President Ronald Reagan.

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