Real Time Data

Well, nearly. Trim Tabs wage and salary data confirms that the US in recession.

 

Welcome to the new recession. TrimTabs tracking of real-time wages and salaries shows that the United States has entered into a recession this year. I had been predicting a slowdown after the big bump in December incomes due to the hike in taxes. It has taken a while for us to get a handle on income this year given all the changes in tax rates. But now enough time has passed that I can say I was right. The U.S. economy has slowed enough to enter into recession.

Anyway, the great sequestration is on us. This is what Obama wanted, so that he has a chance to blame the recession – that has already begun, without any “sequestration” – on the Republicans.

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