According to Gary Schilling the U.S economy has sputtered along and is now pretty much stalling. The housing market is going now where as well as the job market. People with no jobs means more people are cutting back their spending, hence when all this comes to roost the recession is here.
So far, the data presented to you by Wall Street and the U.S Government statistics are backward looking and to some extent cooked to make the economy look better than it actually is.
Read the article below:
Gary Schilling – Recession Coming In 2012
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