About That US Recession…
by Tyler Durden
Whenever the annual change in core capex, also known as Non-Defense Capital Goods excluding Aircraft shipments goes negative, the US has traditionally entered a recession. Where is this number now: +0.8%, and declining fast. Feeling lucky?
Of course, in no other previous recession, was the US Fed holding $3.5 trillion in securities and increasing at a pace of $85 billion per month.
Source: Dept of Commerce
Posted on July 25, 2013, in Economic planning, Economic policy, Obamanomics, Progressive Agenda, United States and tagged $3.5 trillion, Barack Obama, Ben Bernanke, Federal Reserve System, holding, Obama administration, Recession, Securities, US Fed, Zero Hedge. Bookmark the permalink. Comments Off.