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A Global Recession? The Warning Signs Are Everywhere

Posted By admin On June 15, 2012 @ 2:28 am In Money Watch | Comments Disabled

Larry Kudlow
CNBC [1]
June 15, 2012

Is it possible that we are already in a global recession but just don’t know it yet?

And is the U.S. itself—still the epicenter of the world economy—standing on the front edge of another recession?

I sincerely hope I’m wrong. But warning signs are everywhere.

The eurozone economy is flat on its back. Greece may be headed for a political crackup and an exit from the euro and European Union. Deposit runs in Greece and elsewhere are beginning, and a credit freeze throughout the continent is not out of the question. Meanwhile, emerging economies like China, India, and Brazil are slumping.

Here at home, ex-Clinton strategists James Carville and Stan Greenberg sent a memo to President Obama telling him that his campaign message of slow and steady recovery progress is out of touch with Main Street America. They’re right. Of course, Obama’s “private sector is doing just fine” statement is part and parcel of his disconnect from economic reality.

Full article here [1]


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URLs in this post:

[1] CNBC: http://www.cnbc.com/id/47819002

[2] 22 Signs That We Are On The Verge Of A Devastating Global Recession: http://www.prisonplanet.com/22-signs-that-we-are-on-the-verge-of-a-devastating-global-recession.html

[3] Odds of Global Recession Are 100%: Marc Faber: http://www.prisonplanet.com/odds-of-global-recession-are-100-marc-faber.html

[4] The risk of a double-dip recession is rising: http://www.prisonplanet.com/the-risk-of-a-double-dip-recession-is-rising.html

[5] Warning Signs That We Should Prepare For The Worst: http://www.prisonplanet.com/warning-signs-that-we-should-prepare-for-the-worst.html

[6] Warning Signs: FedEx To Slash Thousands of Jobs Citing “Weak Global Economic Conditions”: http://www.prisonplanet.com/warning-signs-fedex-to-slash-thousands-of-jobs-citing-%e2%80%9cweak-global-economic-conditions%e2%80%9d.html

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