Assuming 0bama’s re-election and a huge hike in taxes... yep, next year’s “it” for America.
But, if R&R win with a friendly congress, watch business spending go through the roof the following week.
Well GDP is a problematic measurement since it can be artificially propped up with massive Govt defecit spending. Maybe we are better going over the cliff and getting it over with rather the keep delaying the inevitable.