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January 19, 2016
Key Economic Indicator Suggests That US Will Go Into Recession -- Or Might Already Be In One
Bam.
here has been increasing focus on the US economy's probability of heading into a recession.
According to John Hussman of Hussman Funds, it's not just probable; it's nearly guaranteed.
"Since October, the economic evidence has shifted from supporting a growing risk of recession, to a guarded expectation of recession, to the present conclusion that a US recession is not only a risk but an imminent likelihood, awaiting confirmation that typically only emerges after a recession is actually in progress," Hussman said in a post Monday.
The indicator concerns US industrial production, which is down from last year.
He says this never happens outside of a recession.