Is or Isn’t the U.S. in a Recession?
As a matter of evolution, we are highly sensitized to signs of trouble over all other signals in our environment. And with the US 2nd quarter US GDP report we got what appears to be a flashing red light when the reported headline number declined for the second quarter in a row signaling, in classical terms, that we are in a recession. Or are we? Is contracting GDP a true harbinger of trouble these days?
