Recession Talk?
- Paul Thuneman
- Feb 24, 2016
- 2 min read
"The data show "the U.S. economy is already stalling out," TrimTabs CEO David Santschi" - Yahoo Finance
"“Every indicator from the flash PMI survey, from output, order books and exports to employment, inventories and prices, is flashing a warning light about the health of the manufacturing economy, said Chris Williamson, chief economist at Markit." - Trucking Info
"“The impetus for weakening regional economies is the huge fall in energy prices and other commodities prices, which is taking a tremendous toll,” said Joseph LaVorgna, chief U.S. economist at Deutsche Bank Securities Inc. in New York, who is concerned of a broadening into a national recession. “If the consumer were to falter for any reason, that would be a big problem.” - Bloomberg
"“There would seem to be increased fears of recession risk” reflected in tightening financial conditions, she said in her testimony. “We’ve not yet seen a sharp drop-off in growth, either globally or the United States, but we certainly recognize that global market developments bear close watching.” - Janet Yellin to Congress
Above are just a few quotes I pulled from the mainstream media without really even looking. I read a lot of alternative news sources and the concerns over a recession are not new there. However, when the mainstream media picks up the same subjects it really gets my interest. As it should yours.
No crystal ball here and I am not in the financial business but if you look at all the indicators you will probably come to the same conclusion...there is trouble ahead. Historically....when isn’t there? So, what is your plan? Do you ignore the indications and hope for the best as you continue with your life as it is? Or as a true prepper...do you stand fast, plan in hand and know that you and your family have taken the steps necessary to ensure your family has what they need to adapt and make it through the hard times?
Being the guy who always asks "What If?" - What if...a recession is just the first shoe to drop?
Comments