Expect a long period of weak growth, whether or not it’s labeled a recession – Mish Talk

Existing Home Sales courtesy of Trading Economics

Existing Home Sales courtesy of Trading Economics

Misplaced recession debate

Housing leads recessions and recoveries. What’s on the way?

Much of the “recession” debate is poorly spaced. I think a recession started in May and a third quarter of negative GDP is coming.

Some believe that a third quarter of declining growth will mean a recession started in the first quarter.

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