Be prepared for the next great transfer of wealth. Buy physical silver and storable food.
zerohedge.com / by Lance Roberts / 03/03/2016 18:00 -0500
Recession Probabilities Rise
As I penned earlier this week:
“Speaking of weather, last year, the BEA adjusted the ‘seasonal adjustment’ factors to compensate for the cold winter weather over the last couple of years that suppressed first quarter economic growth rates. (The irony here is that they adjusted adjustments for cold weather that generally occurs during winter.)
However, the problem with ‘tinkering’ with the numbers comes when you have an exceptionally warm winter. The new adjustment factors, which boosted Q1 economic growth during the last two years will now create a large over-estimation of activity for the first quarter of this year. This anomaly will boost the ‘bullish hope’ as the onset of a recession is delayed until those over-estimations are revised away over the course of the next year. ”
The post 3 Things: Recession Odds, Middle-Class Jobs, & Market Drops appeared first on Silver For The People.
Thanks to BrotherJohnF