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The CBO has long predicted anemic growth in 2013(1.1% when last year's forecast was made).
If there is a global recession, the US will not be immune -- but in a better position than most countries. That is, if our politicians can get off their butts and make a dent in our debt problems. But in spite of the fact that Europe is dying from austerity measures (and yes, too much entitlement spending) the Tea party pols still seem resolute. They do not seem to register the need for our country to GROW its way out of debt -- More taxes AND spending cuts.
as a business owner, if you stop expending, hiring, investing in long term project and take a wait and see attitude, I would speculate that we shall enter a new recession. If you add to it technical analysis one can predict with high probability that we are on our way for a second recession. Do not be fool by a potential short live rally in the stock market which will be related to feds actions within the next few weeks.
There hasn't been any major austerity in Europe.
Second since when?
We're in for a long slow bleed. Time to fall back in love with stamp collecting and stairway to heaven.
Past prez Clinton says the reassign is already here.
Bond Market never says we never left recession
A second leg down will complete the cycle. After that how much inflation there will be depends on things like war, new technology, etc...
Expansion is slowing but still expanding.
Time to get back into equity.
You want growth? Retrofit schools, hospitals and public buildings to be carbon-free -- transition them to solar and other renewables.
You would create millions of job and also create much new "green infrastructure" that will help to slow climate change.
Buildings (resi and comm) are responsible for 1/3 of all US carbon emissions.