**UPDATE**
The U.S. Jobless numbers came out today...
The recession officially started today.
Both here in Canada, where we officially had negative growth in the 2nd quarter . . ....
and in the USA, where growth (is) at rates insufficient to achieve sustained reductions in unemployment.
Shhhh . .... everyone is sleeping. Quietly go out and buy canned food and ammunition - the currencies of the future!
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Sorry Don. You jumped the gun. It takes 2 straight quarters of negative growth to officially have a recession. But, had you been right, the recession would not have started today but July 1. So, are you a prophet and just about a month early awaiting a negative third quarter, which would make October 1 the day?
ReplyDeleteI think you have called it correctly, even if early.
Michael
Thanks - you're right. I'm predicting this will be the 1st of two consecutive quarters with negative growth - and today the jobless numbers in the USA came out....
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