Are We in a Global Recession?
Larry Kudlow, Investor's Business Daily
Is it possible that we are already in a global recession but just don't know it yet? And is the U.S. itself -- still the epicenter of the world economy -- standing on the front edge of another recession?I sincerely hope I'm wrong. But warning signs are everywhere.The eurozone economy is flat on its back. Greece may be headed for a political crackup and an exit from the euro and European Union. Deposit runs in Greece and elsewhere are beginning, and a credit freeze throughout the continent is not out of the question. Meanwhile, emerging economies like China, India and Brazil are...
Is it possible that we are already in a global recession but just don't know it yet? And is the U.S. itself -- still the epicenter of the world economy -- standing on the front edge of another recession?I sincerely hope I'm wrong. But warning signs are everywhere.The eurozone economy is flat on its back. Greece may be headed for a political crackup and an exit from the euro and European Union. Deposit runs in Greece and elsewhere are beginning, and a credit freeze throughout the continent is not out of the question. Meanwhile, emerging economies like China, India and Brazil are...
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