"Williams believes GDP is contracting now. The government reported only a 1.1% increase in the fourth quarter. Even in an election year, and despite the government’s best efforts to paint a pretty face, all it could muster was a measly 1.1%. More likely, the economy actually contracted 2% in the fourth quarter. This means we are in a recession NOW."
I thought you had to have 3 straight quarters of deline in GDP to be in a recession. This report seems fishy.....
Like a week-old dead, 1200 lb Sturgeon.