Mike ‘Mish’ Shedlock – Is the US In Recession?

(Before It's News)

from Financial Survival Network

Mike ‘Mish’ Shedlock joined us today for an unvarnished look at the US and World Economies. And it ain’t pretty. European banks are in a world of pain, with non-performing loans out of control and getting worse, especially in Italy. Employment numbers are weakening as we speak. We might very well be in a recession now, but we probably won’t know for another year, when the powers that be tell us what we already know.

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