The margin of safety for durable goods orders is wearing thin. This series isn’t forecasting a recession, at least not yet, but it’s now the closest to crossing the line since the U.S. slipped into macro darkness in 2008.
Daily Archives: April 25, 2012
Strategic Briefing | 4.25.12 | A New Recession For Britain
UK slides back into recession
Reuters | April 25
Britain’s economy is in its second recession since the financial crisis, data showed on Wednesday, heaping pressure on Prime Minister David Cameron’s coalition government as it battles a series of political embarrassments. The unexpected contraction in the first three months of 2012 – a 0.2 percent dip in gross domestic product – confounded forecasts for 0.1 percent growth.