Sunday 29 June 2014

Recession Indicator






In John Mauldin's latest Thoughts From the Front Line, we have this thought from Rich Yamarone (aka Darth Vader):
According to the latest data from the Bureau of Economic Analysis, there has never been a time in history that year-over-year gross domestic income has been at its current pace (2.6 percent) without the U.S. economy ultimately falling into recession. That’s more than 50 years of history, which is about as good as one could ever hope for in an economic indicator.



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