Sun is out, don't see no new recession here, ma

[cieldumort]

Many on the web the past few weeks have claimed that there can not possibly be a new recession, because of x, y, or z. Most recently, many in this vocal majority have targeted the most recent Ceridian UCLA Pulse of Commerce Index (discussed here, in a post yesterday). They state that the index has fallen before without signalling recession, and so

Comments

[cieldumort]

I'm not convinced they will embark on outright QE3, given the politics involved heading into the election... maybe do something more like a juiced-up Operation Twist? Dunno. I just think that they would need to see the whites of the eyes of GD2 again in order to pull that trigger, and right now, it merely looks like we are sliding into recession (provided nothing else goes wrong!)