from zerohedge
"Since 1948, every time the four-quarter change has fallen below 2 percent, the economy has entered a recession. It’s hard to argue against an indicator with such a long history of accuracy." Bernanke agreed that "growth has for the most part been at rates insufficient to achieve sustained reductions in unemployment."
Real GDP YoY:
And Real GDP YoY vs NFP:
... John Lohman .. finds that the collapse in real-time economic data over the past three months is the sharpest in history.
full
"Since 1948, every time the four-quarter change has fallen below 2 percent, the economy has entered a recession. It’s hard to argue against an indicator with such a long history of accuracy." Bernanke agreed that "growth has for the most part been at rates insufficient to achieve sustained reductions in unemployment."
Real GDP YoY:
And Real GDP YoY vs NFP:
... John Lohman .. finds that the collapse in real-time economic data over the past three months is the sharpest in history.
full
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