It Is Worse Than We Thought

by Michael

The U.S. economy is slowing down more quickly than almost all of the experts had anticipated.  As I detailed yesterday, U.S. consumers have been getting hit extremely hard by this economic slowdown, and at this point most Americans believe that a recession is coming.

  But could it be possible that a recession has already begun?  As you will see below, the numbers seem to indicate that such a scenario is quite likely.

  But whether we are already officially in a recession or not, the truth is that whatever we are experiencing now is nothing compared to the pain that is eventually coming down the road. (Read More…)

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