In response to:

All You Need To Know About Unemployment; Yes, Virginia it is a Recession

Keith305 Wrote: Sep 08, 2012 2:32 PM
Hi Mish. Big fan of your articles, but today would really love you to take a look at my (ongoing) assessment of the current state of US indebtedness in today's TH article, "A Remedial Lesson in Public Finance Economics for the GOP" by Daniel J. Mitchell. I'm certainly not an economist and would like to know if I'm on the right track, what I'm missing, and perhaps how to find that information.
Keith305 Wrote: Sep 08, 2012 3:00 PM
I feel like I'm close to an answer, but can't pull it all together.

Recession Numbers Second Consecutive Month

Yesterday I was asked if the services ISM changed my view about the US being in recession. I responded that I wanted to see today's job report first.

Well I have seen it and the report is nothing short of a certified disaster.

Yes, Virginia, based on the household survey, and manufacturing reports, the regional Fed surveys the US is in recession.

The one survey that is different is the ISM services report. The question is why?...

Related Tags: Virginia Recession