GDP Is In…And Recession Is Out…Or Is It?

By David Haggith – Re-Bloggred From Gold Eagle

Having predicted last year that a recession would begin in the summer of 2019 and that it would likely start with a major repo crisis, I am now proven wrong by 2019’s fourth-quarter GDP. If the repo crisis that started in the final week of summer had actually been the start of a recession, we would have seen fourth-quarter GDP go negative. Instead, it came in at 2.1% growth.

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