• 3 minutes e-car sales collapse
  • 6 minutes America Is Exceptional in Its Political Divide
  • 11 minutes Perovskites, a ‘dirt cheap’ alternative to silicon, just got a lot more efficient
  • 1 hour GREEN NEW DEAL = BLIZZARD OF LIES
  • 10 mins Solving The Space Problem For America’s Solar Industry
  • 10 hours Russian Officials Voice Concerns About Chinese-Funded Rail Line
  • 51 mins How Far Have We Really Gotten With Alternative Energy
  • 2 days Investment in renewables tanking
  • 6 days If hydrogen is the answer, you're asking the wrong question
  • 7 days "Mexico Plans to Become an Export Hub With US-Drilled Natural Gas" - Bloomberg - (See image)

The US May Already be in Recession

In a Daily Ticker Interview with Henry Blodget, economist Gary Shilling makes the case the US is already in recession.

"We've had three consecutive months of declines in retail sales," says Shilling, president of A. Shilling & Co., an economic research and forecasting firm. "That's happened 29 times since they started collecting the data in 1947, and in 27 of the 29 we were either in a recession or within three months of it."

Shilling expects this recession will last about a year and shave about 3.5% from growth from peak to trough.

Click here for complete article.



Join the discussion | Back to homepage



Leave a comment

Leave a comment

EXXON Mobil -0.35
Open57.81 Trading Vol.6.96M Previous Vol.241.7B
BUY 57.15
Sell 57.00
Oilprice - The No. 1 Source for Oil & Energy News