(from publicserviceeurope.com source Brittany Pineros:)
“In his new economic outlook Third time unlucky: recession in 2014? John H. Makin uses historic business cycle trends and other economic indicators to predict the future health of the American economy. His conclusion? A recession in the near future. Since the last month of recession in June 2009, the economy has seen tepid expansionary growth rates and even suffered two growth declines – one in the first quarter of 2011 when real GDP growth was as low as 0.1 per cent and one in the fourth quarter of 2012 with growth at 0.4 per cent. The fiscal and monetary measures used to avoid negative growth in those periods will not rescue growth a third time, resulting in a ‘third-time-unlucky’ economic recession by early 2014. … The research also references several key economic indicators that point towards economic slowdown. Employment has averaged near-zero year-over-year growth since the beginning of expansion in July 2009 and unemployment remains high. While the US economy has never receded when housing starts are on the rise, property starts and permits dropped by 9.9 and 7.5 per cent respectively in June.”
Well, the situation is widely known in the US, while some in Europe (and in the US,) are dreaming about “monetary efficiency,” BAU and “perpetual growth,” warranted by extraterrestrial invisible friends and markets invisible hands, somebody is in for a sad surprise very soon.